According to the information, Samsung is looking is said to target the automotive semiconductor field to overcome the sluggish memory chip market in the semiconductor business sector.
The South Korean tech giant is looking to build an automotive chip factory in Europe. The agenda was the first highlight during the technology forum which was attended by customers and partners, Samsung Electronics officially announced that they will strengthen their automotive semiconductor business.
The technologies are changing and everyone is looking forward to going with EVs. With the development of electric vehicles and the improvement of automobile intelligence, the demand for semiconductor components is also increasing, and the scale of the automotive semiconductor market is also expanding.
As per research, the global automotive semiconductor market was US$45 billion last year and is expected to increase to US$74 billion in 2026 and more than US$100 billion in 2030.