The company's new co-chief executive Kyung Kye-hyun said the chip and components business is expected to outperform the global chip market's forecast annual growth of nine per cent.

Kyung said Samsung's foundry business would look for new clients in China, where it expects high market growth, and focus on increasing supply capacity by improving operations at its plants.

The tech giant will also improve its responsiveness in producing made-to-order chips in growth fields such as high-performance computing and artificial intelligence (AI), he said.

Kyung said the initial ramp-up for 5-nanometre or less chips took time but operations are showing a gradual yield improvement.

"As the process becomes finer, the complexity increases, and processes concerning 5-nanometres or less (chips) are approaching the physical limit of semiconductor devices," he said.

Samsung wants to boost profitability and supply by optimising line operations and continuously improving processes already in mass production, he added.