Samsung foundry chief sees profit turnaround in 2028

Samsung Electronics’ foundry chief Han Jin-man said Friday the company’s contract chipmaking business is unlikely to turn profitable next year, making 2028 a more realistic target for a turnaround.

Han, president and head of Samsung Electronics’ foundry business under its Device Solutions division, made the remarks during a management briefing for employees held both online and offline, according to industry sources.

“Turning the foundry business profitable next year does not look easy,” Han sai ...