Samsung to show cutting edge 3-nm chip to Joe Biden during campus visit

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Seoul, May 19 | Samsung Electronics is expected to showcase one of its most advanced chipmaking technologies to US President Joe Biden when he visits its Pyeongtaek campus this week, sources said on Thursday.

Biden is set to arrive in Seoul Friday on his first visit to the country since taking office, and only 10 days after South Korea’s new President Yoon Suk-yeol took office.

His three-day visit to South Korea will start with a tour of Samsung’s Pyeongtaek complex, the world’s largest semiconductor facility, located some 70 kms south of Seoul, reports Yonhap news agency.

Samsung Electronics Vice Chairman Lee Jae-yong is said to provide a personal tour of the massive complex.

The company is expected to show its next-generation 3-nanometer (nm) semiconductor built on the Gate-All-Around (GAA) technology, which Samsung will mass produce within the next couple of months.

“Samsung could show a 3-nm chip to Biden to emphasize its foundry prowess over Taiwan’s TSMC,” an official with the knowledge of Samsung’s advanced chip technology said.

The GAA process allows for an up to 35-percent decrease in size while providing 30 percent higher performance, or 50 percent lower power consumption, compared to the 5nm process, according to Samsung.

Samsung, the world’s largest memory chip maker and second largest foundry player, has said its 2nm process node was in the early stages of development with mass production in 2025.

TSMC, the world’s largest contract chip manufacturer, and Samsung have been in fierce competition to outperform each other by bringing the 3-nm chips to the mass market.

According to industry tracker TrendForce, TSMC took up 52.1 per cent of the global foundry market, followed by Samsung with 18.3 per cent, in the fourth quarter of last year.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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