In doing so, Samsung is now on pace to release the most advanced chips in the world.

Being the first to enter the market demonstrates Samsungs position as a cutting-edge chip manufacturer.

TSMC currently accounts for more than half of the global foundry business by revenue,Bloomberg reports.

Samsung employees holding 3nm wafers at the production line of Samsung Electronics Hwaseong Campus

Samsung employees holding 3nm wafers at the production line of Samsung Electronics Hwaseong CampusPhoto: Samsung

Samsung will manufacture these chips in South Korea at its Hwaseong facilities before expanding to Pyeongtaek.

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