Samsung Electronics has unveiled its domestic semiconductor plants amidst the international market faces chip shortage that hits all-time high!. The country’s tech market leader published a series of videos on its official YouTube channel on Thursday. The videos offered a complete view of the production and distribution process of chips.
The series has four videos wherein the company showcases the complete chip production line. The videos are published for millennials, and successfully it has attracted 1.9 million viewers as of Thursday.
In August, Samsung Group had announced its primary subsidiary, along with associate companies, will be investing around $205 Billion in chip production for a three-year plan. The investment is said to be an expansion move to overcome the ongoing chip shortage crisis that has halted some of its production lines. The move aimed to achieve the leading spot and secure future growth engines ahead of COVID-19.
There have been continuous talks held between various government organizations to discuss the growing concern over chip shortage in the market. Since chip scarcity has affected various automotive and electronics manufacturing production, the semiconductor & chip market has huge demand globally.
Chips are also called integrated circuits. A chip is one of the smallest parts in the manufacturing of tech products, and however, one of the most important contributors in tech productions. The pandemic had impacted chip productions in the last year that resulted in the global chip shortage situation.
The manufacturing process of chips is complicated and costly, which has led to a duopoly in the international market. Taiwan Semiconductor Manufacturing co. and Samsung Electronics Co. are the two largest chip producers globally.
Earlier this month, Samsung Electronics invested in a chip plant in Texas, the U.S. The investment is said to be a crucial instrument in overcoming the chip shortage. The development of the plant employs thousands of engineers and producers. Besides, it will also embark on market dominance by the tech giant.