Says S.LSI/Foundry Q3 results: S.LSI: Maintained stable supply of premium SoCs; Earnings stalled due to seasonality and customer inventory adjustments. Foundry: Achieved record-high customer orders mainly on advanced nodes; Started mass production of GAA 1st Gen. 2nm process; Earnings improved substantially as one-off costs subsided and fab utilization improved. Says Q4 outlook includes: S.LSI: Address ongoing weak demand from key customers by focusing on expanding sales of premium SoCs and image sensors. Foundry: Aim for further earnings improvement through ramp-up of 2nm mass production, higher utilization, and cost optimization. Says 2026 outlook includes: S.LSI: Strengthen Exynos competitiveness for key flagship models to secure market leadership; Expand market presence by leveraging differentiated image sensor technologies. Foundry: Focus on mass production of GAA 2nd Gen. 2nm process, the performance- and power- optimized 4nm, and HBM4 base-die; Ensure timely initial operation of the Taylor Fab in the U.S.
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