Samsung Electronics’ Foundry chief threw cold water on recent optimism about the division’s financial recovery, saying a return to profit is unlikely before 2028.
Han Jin-man, president of Samsung’s foundry business, told employees (via KoreaHerald) at an internal briefing Thursday that turning the division profitable “does not look easy even next year [2027].”
“Turning the foundry business to a profit does not look easy even next year,” said Samsung Foundry chief, and added that “There is a high possibility of achieving profitability in 2028.”
His remarks landed just five days after industry sources told Chosun that the foundry unit could break even as early as the third quarter of 2026.
Han pointed to several structural problems beyond the usual cost complaints: a business mix still too dependent on mobile customers, weak technological competitiveness, orders won at margins too thin to matter, and a legacy process business he now wants to exit as the market turns into a “red ocean.”
A newly established employee bonus system, funded at 10.5% of semiconductor division profits, adds another recurring cost layer that analysts may not have fully accounted for.
The Taylor chip manufacturing factory, central to the turnaround thesis, won’t enter mass production until next year, Han indicated, later than some had assumed.
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