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The head of Samsung's semiconductor unit acknowledged last week that the company's current mass production, leading-edge process technologies are a couple of years behind TSMC's most advanced production nodes. But Samsung is working hard to catch up with its larger rival in five years. "To be honest, Samsung Electronics' foundry technology lags behind TSMC," said Dr. Kye Hyun Kyung, the head of the Samsung Electronics Device Solutions Division, overseeing global operations of the Memory, System LSI and Foundry business units," at a lecture at the Korea Advanced Institute of Science & Technology (KAIST), reports Hankyung. "We can outperform TSMC within five years." Samsung has been investing tens of billions of dollars in its foundry division in the recent years in a bid to catch up...