Samsung’s memory chip market is under threat: Reports

South Korean tech giant Samsung has been the leader of memory chips for three decades, but now Samsung’s supremacy might not continue further.

As per reports, there are some new emerging rivals who have made the competition in memory chips much harder. Samsung has held the market share of 41 percent in the Q4 of last year followed by SK Hynix with 29.3 percent and Micron Technology with 24.3 percent.

Moreover, this gap of market share is decreasing of Samsung with the other firms and due to this the tech giant’s supremacy in memory chip might not continue in the future.

According to an industry source close to the matter said in their statement that,

“Foundry-based ecosystem establishment to cover fabless and packaging is urgent to catch up with TSMC. South Korea’s system-on-chip industry can grow only after global leaders emerge in each of the segments.”

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