Earlier this month, a report by market research firm Omdia claimed that the global semiconductor market in the third quarter (Q3 2022) stood at $147 billion – down by 7% from $158 billion in Q2 2022.
Samsung reportedly lost its top position to Intel. Now, a new report has claimed that the South Korean giant will establish a global research organization to combat the contraction in the market and address semiconductor decline.
As per a report by Business Korea, the new semiconductor division will be set up under the DS Business Division in December to combat the contraction in the market.
It will reportedly focus on analyzing the semiconductor market and other related industries, and discover markets. (With inputs from Agencies)