Samsung
$005930 has placed orders with ASML
$ASML (-1,59%) for its planned chip factory in Texas indefinitely due to weak demand.

The 17 billion dollar project in Taylor has so far failed to attract any major customers, prompting other suppliers to withdraw their local staff. These delays are a setback for Samsung's ambition to produce specialty chips for mobile and artificial intelligence and enter contract manufacturing, a market currently dominated by TSMC. -Handelsblatt

Photo: Image: Asia Times Files / AFP