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it house reported on october 7 that today, beijing time, samsung electronics chairman lee jae-yong told reuters that samsung has no intention of spinning off its foundry chip manufacturing business and logic chip design business. analysts say the two businesses are responsible for annual losses due to weak demand.billions of dollars in losses, dragging down the overall performance of the world's largest memory chip maker.

samsung has been expanding its logic chip design and contract manufacturing operations to reduce its reliance on its flagship memory chips, which are used for data processing. in 2019, lee jae-yong announced an ambitious plan: by 2030beyond tsmc, becoming the world's largest contract chip manufacturer. since then, samsung has invested billions of dollars in contract chip manufacturing and built new factories in south korea and the united states.

however, multiple people familiar with the matter revealed that samsung has encountered challenges in obtaining large orders to fill the new production capacity. regarding whether to consider spinning off its foundry chip manufacturing or system lsi logic chip design business, lee jae-yong said: "weeager to expandthese businesses are not planned to be divested. "

lee jae-yongit was also mentioned that samsung's project to build a new factory in tyler, texas, was "a little difficult because the situation is constantly changing," but the specifics were not elaborated.

according to the average forecast of nine analysts surveyed by reuters, samsung's operating losses for its foundry and system logic chip businesses last year were 3.18 trillion won (it house note: currently about 16.695 billion yuan). this year it will lose another 2.08 trillion won (currently about 10.92 billion yuan).