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SAMSUNG ELECT LTD(F) (SSNLF), QUALCOMM Incorporated (NASDAQ:QCOM) – Samsung Tries Reduced Dependence On Qualcomm Chips: Report

Samsung Electronics Co Ltd (OTC: SSNLF) is looking to increase production of its Exynos chipsets for its Galaxy smartphones to increase the proportion of internal processors in the devices, DigiTimes reports. Samsung also wants to reduce its dependence on Qualcomm Inc (NASDAQ: QCOM) by the move. Recently, apple inc (NASDAQ: AAPL) chose: Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) to produce 5G iPhone modems, reducing reliance on Qualcomm.
Price promotion: QCOM shares traded 3.16% lower at $175 during the premarket session on Friday’s final check.

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