Samsung has been investing in its Foundry and System LSI to reduce its dependence on the production of memory chips. The company, which used to make application processors for Apple's iPhones but lost this business to TSMC back in 2019, even outlined plans to surpass TSMC as the leading contract chipmaker by 2030. To achieve this goal, it has committed billions of dollars to build new fabs in South Korea and the U.S. However, analysts point out that weak demand has led to significant losses for Samsung Foundry. For obvious reasons, the financial struggles of the foundry unit have cast doubt on Samsung's ability to challenge TSMC, which has solidified relationships with key customers like Apple, AMD, and Nvidia.