Photo : YONHAP News / Samsung Electronics
Head of Samsung Electronics’ foundry business says it is unlikely that the company will turn a profit until 2028.
At a briefing on the foundry unit’s current state of management Friday, Han Jin-man, president of foundry under the device solutions division, said he expected deficits to continue this year and next.
Han cited the cost burden from performance-based bonuses under a recent labor-management deal, delays in moving away from a mobile-oriented business structure, incomplete technology, and a low-profitability order structure.
The foundry chief promised to overhaul the business structure to increase profitability.