Samsung Electronics has set a target of mass-producing 3-nanometer chips by 2022, an ambitious attempt to catch up with market leader Taiwan Semiconductor Manufacturing Company (TSMC).
The target year, announced by chipmaker Park Jae-hong’s executive vice president at an event last month, is on par with TSMC’s.
This is the first time that Samsung has officially set a timeline for its production of 3-nanometer chips.
The three nanometer chips will be the most advanced semiconductors in the industry with higher power efficiency and lower power consumption than the 5 nanometer chips.
Samsung and TSMC are the only companies in the world capable of making 5-nanometer chips.
The ambition was announced as Samsung’s foundry, or chipmaking, business for external customers is booming.
The TrendForce market tracker has predicted that global foundry revenues are expected to increase 23.8% in 2020 from the previous year, the highest percentage in 10 years.
“Despite the negative impact of the Covid-19 pandemic on the global economy, several emerging trends, such as working from home, distance education, the growing penetration of 5G smartphones and the high demand for components from the construction of telecommunications infrastructure, have driven a bullish semiconductor market against economic headwinds, ”a TrendForce report said last week.
BY PARK EUN-JEE [[email protected]]