With the outbreak of the coronavirus epidemic all over the world, while schools switched to online education, office workers also moved home. As a result of this situation, there was an increase in demand in the tablet, computer and even automobile market. Due to the increase in demand, technology companies could not keep up with the supply and faced the chip problem. Samsung is preparing to establish a research center to solve the chip crisis. Here are the details..
Samsung will fight the chip crisis by establishing a research center!
To combat the chip problem, Samsung will set up a research center next month. This research center will further explore new investment avenues while analyzing the chip market.
In the third quarter of 2022, Samsung lost its leadership in the chip market to Intel. In addition, due to the Coronavirus outbreak, it also experienced a 14 percent annual loss of revenue in the third quarter. As a continuation of all this, the Samsung president announced that there will be no improvement in this problem for the next year.
The EU is defying China! $46 billion chip investment
The European Union wants to find a solution to the chip crisis. The EU Commission will start production in 27 countries with an investment of 46 billion dollars.
Apart from this, Samsung also wants to increase its production capacity and not to experience any semiconductor problems again, apart from new technologies. By 2027, the company aims to increase its advanced chip manufacturing capacity more than three times compared to 2022. The South Korean manufacturer plans to establish a new factory to operate in Texas, in addition to its existing facilities in South Korea and the USA.
Apart from all these, the European Union will invest to reduce its dependence on the United States and China. According to the latest agreement signed at the European Commission, $ 46.6 billion will be invested in 27 countries to finance chip production.
To summarize, not only giant technology companies like Samsung, but also countries are making huge investments to combat the chip crisis. Because this crisis; It negatively affected the production of phones, tablets, cars and many other electronics. In other words, the whole world has been affected by the crisis.
What do you, our readers, think about this issue? Do you think Samsung’s research center will be effective in tackling the chip crisis? You can express your views in the Comments section.