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HomeTechnologySamsung would grab TSMC customers with $ 100 billion in cash

Samsung would grab TSMC customers with $ 100 billion in cash

Korea’s Chaebol Samsung Group intends to further expand its presence in the semiconductor sector after announcing the new investment in a new chip plant in the United States the other day.

The conglomerate’s Samsung Foundry division manufactures semiconductors and, according to the Korean press, the company wants to acquire chip manufacturing companies that source parts for their products from Taiwan’s largest contracted chip manufacturer, Taiwan Semiconductor Manufacturing Company (TSMC). In addition, the company is said to have received some $ 4 billion in subsidies for its new chip plant in Taylor, Texas.

A report on Samsung’s interest in acquiring semiconductor companies was made available by Business Korea. This assumes that after the $ 17 billion investment in Texas, Samsung will have roughly $ 34 billion left over acquisitions. The company’s multi-sector, multi-sector investment plan addresses various emerging areas – next-generation telecommunications, artificial intelligence, biotechnology and semiconductors. before. In the field of semiconductors, automotive semiconductor manufacturers are expected to be Samsung’s M&A targets. These include NXP Semiconductor in the Netherlands, an automotive semiconductor company, the Texas Instruments microcontroller business in the US, Renaissance Electronics in Japan, Infineon Technologies in Germany and ST Microelectronics in Switzerland.

All identified companies are is a key player in the supply chain and, most crucially, all of them are customers of TSMC, Samsung’s only rival in contract semiconductor manufacturing. Competition between the two will intensify next year as both companies seek to launch a 3-nanometer (nm) chip processing node. and acquisitions (M&A) before, Mashdigi, part of Taiwan’s United Daily News (UDN), believes the figure could reach as much as $ 100 billion. UDN speculates that, if Samsung succeeds, it could virtually direct these companies to its own semiconductor division or give them new orders.

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Sandra Loyd
Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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