The plans were detailed by the Korean electronics giant at its annual Samsung Foundry Forum event in San Jose, California, where the company said that it will continue targeting high-performance and low-power semiconductor markets such as HPC, automotive, 5G, and the Internet of Things (IoT).Meanwhile, Samsung outlined how it would need to take steps to be able to meet anticipated customer requirements, including process technology optimization for specific applications and customized services.- Samsung's Smart Monitor tries too hard to be clever- Samsung sued for gobbling up too much personal info that miscreants then stole- Tongues wag that Softbank's Son may sell Arm to Samsung- Samsung investing $5b in efforts to be carbon neutral by 2050The company's senior vice president, Moonsoo Kang, told attendees that Samsung aims to triple its revenue from contract manufacturing using its foundries within the same time frame.Samsung's foundry production lines are currently in five locations: Giheung, Hwaseong, and Pyeongtaek in Korea, and one in Austin, Texas, with another under construction in the nearby city of Taylor.Richard Gordon, practice vice president for semiconductors and electronics at Gartner, told us that total semiconductor market growth for 2022 will be in low single digits driven by a crash in memory pricing (DRAM and NAND) caused by weakened market demand in PCs and smartphones."