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Qualcomm switches loyalty – big contract goes to Samsung

Samsung will be the sole manufacturer of Qualcomm's new flagship mobile chip – which means that the company is stepping away from chip foundery TSMC.

The deal is estimated to be worth more than USD 1 billion, which comes rather nicely as Samsung is heading into another earnings drop due to the slowing demand for consumer electronics and components, according to a Reuters' report. Besides the value of the deal, this is a very big thing since Qualcomm has never before used foundries other than TSMC to make its high-end chipsets, Maybank Kim Eng analyst Warren Lau told Reuters. And with the contract going to Samsung, TSMC just lost one of its top customers. And Samsung said in a press release that it has begun mass production of advanced logic chips utilising its 14nm LPP(Low-Power Plus) process. And that Qualcomm's Snapdragon 820 processor uses Samsung’s new 14nm LPP process and is expected to be in devices in the first half of this year. In a statement to Reuters, Qualcomm said that Samsung is the sole manufacturer for the new Snapdragon 820 mobile processors.

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March 28 2024 10:16 am V22.4.20-2
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