Yongin — Samsung Electronics planned to triple the market share of its contract chip-manufacturing business within the next five years by aggressively adding clients, a senior company executive said, as it targets new growth drivers for the unit. The estimated 5.3-trillion won ($4.76bn) business at Samsung was split off as a separate arm within its semiconductor division in May, in a clear statement that the company was preparing to focus on the business and narrow the big market share gap with leader TSMC. Executive vice-president ES Jung, the head of Samsung’s new foundry division, said on Monday the firm wanted a 25% market share within five years and would seek to attract smaller customers in addition to big-name clients to fuel the growth. "We want to become a strong number two player," Jung said. Samsung is on track for record profits and is expected to pass Intel as the top chip maker by sales in 2017 on a memory market boom. But in contract manufacturing the firm lags well b...

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