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Benzinga
Benzinga
Business
Anusuya Lahiri

Samsung Invests In Japan Facility To Take On Taiwan Semiconductor In Chip Packaging

Samsung Taiwan Semiconductor Semiconductor Japan Taiwan Tesla Inc. Taiwan Semiconductor Manufacturing Co TSM MingChi Kuo the University of Tokyo
Ho,Chi,Minh,City,,Vietnam,-,June,4,,2023:,White

Samsung Electronics (OTC:SSNLF) earmarked 25 billion yen ($170 million) to establish an advanced chip packaging R&D center in Yokohama, Japan, intensifying its competition with Taiwan Semiconductor Manufacturing Co (NYSE:TSM) in the packaging market.

The global advanced chip packaging market is forecast to grow from $34.5 billion in 2023 to $80 billion by 2032.

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