TIWN
Seoul, June 1 (TIWN) Samsung Electronics maintained the second spot in the foundry market in the first quarter of the year, but its share fell slightly due to the temporary shutdown of its chip plant in the US, a report showed on Monday.
Samsung's foundry business logged a market share of 17 percent in the January-March period, down from 18 percent a quarter earlier, after its revenue dropped 2 percent to $4.108 billion, according to the latest report from industry tracker TrendForce. "This February, a freak winter storm in Texas caused power outages in Austin and forced Samsung to temporarily shut down its fab Line S2 that was located in the vicinity," TrendForce said. "The suspension of wafer input at the fab for almost a whole month caused Samsung to become one of the very few foundries that posted a revenue drop for 1Q21." Samsung, also the world's largest memory chip producer, earlier said it suffered more than 300 billion won ($270 million) in damage due to a wafer production disruption at its Texas plant, reports Yonhap news agency.
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report
- 300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals