Samsung's foundry division plans to cut prices by 5-15% to compete for market orders

According to supply chain news, Samsung Foundry plans to implement a price reduction strategy in the first quarter of 2023, with a price reduction of 5-15% to attract more customers. This move is to cope with weak market demand and competition with other foundry manufacturers. Since the second half of 2022, foundry manufacturers have cut prices to grab orders, with 8-inch and 12-inch mature processes reducing prices by as much as 20-30%. TSMC has also reportedly given a price discount of about 2% for some mature processes this year, and the 7nm process will offer a price discount of up to about 10%. The price reduction strategy of Samsung's foundry department aims to compete for more market orders and maintain capacity utilization.