Samsung Says New 7-Nanometer Chip Production Starting This Year

Samsung Electronics Co., trying to win business in the made-to-order chip production industry from Taiwan Semiconductor Manufacturing Co., said it will soon churn out processors based on an important new technology called 7 nanometer.

The world’s largest chipmaker said it will begin using the new technique this year, in time for mass production for customers next year. While that schedule is comparable with some competitors, the Korean company said it’s ahead in the mastery of a process that the industry’s been struggling with for years.