Chip shaker: TSMC, Samsung to flex foundry muscle

TAIPEI (Reuters) – Morris Chang, the father of Taiwan's chip sector, once shrugged off Samsung Electronics' entry into the foundry business – making private-label semiconductors under contract for others. Now, he calls the South Korean group the industry's "700-pound gorilla" with formidable financial firepower. Samsung's rise highlights the rapid changes in one of Asia's top industries – where speed, creativity and deep pockets count in a race to make chips smaller, but smarter, to keep up with a consumer shift from computers to mobile gadgets such as Apple Inc's iPhone and iPad. While U.S. …

Quoted from Chip shaker: TSMC, Samsung to flex foundry muscle on Gadgets News Headlines – Yahoo! News

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