Samsung Electronics' semiconductor unit suspends some production lines to cut costs

Samsung Electronics' semiconductor division is temporarily shutting down some of its foundry production lines to reduce operating costs, according to people familiar with the matter. The company's foundry business suffered a loss of up to 1 trillion won in the third quarter, forcing them to take this measure. It is reported that Samsung has shut down more than 30% of the 4nm, 5nm and 7nm wafer foundry production lines at Pyeongtaek Fab 2 and Fab 3, and plans to expand the shutdown to about 50% by the end of the year.