Samsung Electronics Co is revolutionizing AI chip production with streamlined processes that reduce manufacturing time by 20%.

The company's contract manufacturing business offers clients a one-stop shop for faster chip production by centralizing communication with Samsung's chip teams.

President Siyoung Choi announced plans for a comprehensive service combining development, production, and packaging of AI chips by 2027 to meet increasing demand.

Samsung expects the demand for AI chips to significantly boost global chip industry revenue to $778 billion by 2028.

The company is collaborating with industry leaders like Arm Holdings PLC and Groq to strengthen its position in the competitive foundry market.

Samsung's focus on backside power delivery network and gate-all-around technology is set to enhance power distribution and performance in AI processors.

OpenAI's CEO Sam Altman's projections on the rising demand for AI chips align with Samsung's strategic plans, with Altman expressing interest in building new chip factories with TSMC.