October 5, 2022: -On Tuesday, Samsung said it strives to make some of the most advanced semiconductors in the world in five years as the race between the South Korean electronics giant and the world’s largest chip maker, TSMC, heats up.
The company laid out a roadmap for chip production plans and said it will begin making chips with a 2-nanometer process in 2025 and a 1.4-nanometer process in 2027.
The nanometer figure is referring to the size of each transistor on a chip. The smaller the transistor, the more it can be packed onto a single semiconductor. Typically, a reduction in nanometer size can yield more powerful and efficient chips.
For comparison, the processor in Apple’s latest iPhone 14 Pro and Pro Max models is a 4-nanometer chip.
Samsung began producing 3-nanometer chips earlier this year. Shares of Samsung in South Korea closed nearly 4% higher on Tuesday.
The South Korean firm, known for consumer electronics and memory chips, is looking to ramp up its contract chipmaking, or foundry business, to catch up with Taiwan’s TSMC.
Samsung is the second-biggest foundry globally by revenue, with a 17.3% market share reached to 52.9% for TSMC, according to TrendForce.
For its part, TSMC expects to begin 3nm chip production this year, with the presentation of 2nm set to start in 2025. However, the company has not officially announced plans to mass produce 1.4nm chips.
“This is the first time that SEC (Samsung Electronics) guides for its long-term foundry roadmap, and I think it is more aggressive than TSMC and market expectations,” SK Kim, an analyst at Daiwa Capital Markets.
Samsung’s ambitious plans come amid global economic headwinds and signs of a slowdown in semiconductor demand. Global chip industry sales fell 3.4% in August, reached to July, according to the U.S.-based Semiconductor Industry Association.
Despite this, Samsung said it plans to expand its production capacity for the most advanced fragments by more than three times by 2027 compared to this year, highlighting its bullishness on future demand.
These have its factories in the U.S. Samsung has a plant in Austin, Texas, and is currently making a $17 billion facility in Taylor in the same state.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
AspenTech, a Massachusetts-based company, plays a pivotal role in the oil and gas industry by leveraging cutting-edge technologies, including AI (artificial intelligence). Let’s delve into how AspenTech contributes to this dynamic sector
It’s no secret that oil and gas is a boom-and-bust industry. Production is currently up, projected to increase to 13.7 million barrels daily in 2024. But this won’t last forever. Whether production is up or down, the key to maximizing production, optimizing efficiency, and taking advantage of increased profits is innovation, digital transformation,and automation.For stakeholders looking to deliver safer, more efficient, and cheaper energy, innovation and automation must be a top priority. Those who fall behind in the race to innovate, ultimately, run the risk of losing market share.
Talking to Thomas Hundertmark, a senior partner in McKinsey’s Houston office, Darren Woods is chairman and CEO of ExxonMobil made some crucial points and also gave some insights on what the conglomerate was doing in order to save the climate.
When Darren Woods took the reigns of ExxonMobil six years ago, no one could have anticipated that the Kansas resident would soon face what Texas oil patch vets call “a whole pile of trouble.” Three years later, the oil market collapsed during the COVID-19 pandemic, which dealt the 140-year-old oil organization its first annual upset in four decades.
Today oil and gas producers face severe regulatory and public relations obstacles due to the concern with greenhouse gases and resource depletion. Calgary-based start-up, Advanced Upstream (“AU”), has been disrupting the oil and gas industry with simple and reliable innovative technologies. AU’s products help the oil and gas producers to enhance energy production while reducing the corresponding environmental impact. By decreasing personnel and time on site, and lowering overall HSE risks across the board, the clients can see a notable improvement in their ESG rating, contributing to their bottom line.
Jasmin Staiblin, Chief Executive Officer of ABB Switzerland, says, “Global energy consumption continues to grow and, if left unabated, will lead to an ever-greater risk of irreversibly changing our climate. To take advantage of more sustainable energy sources, the energy landscape is in a state of profound change to allow the integration of increasing amounts of renewable energy sources into the grid, to allow infrastructure to run more intelligently and efficiently, and to ensure the supply of energy is available at all times.
The activation of the Fallon Two Rock solar farm project has recently bolstered the Californian energy …