May 12, 2017 / 7:07 AM / 3 months ago

Samsung Elec creates new contract chip manufacturing division

SEOUL, May 12 (Reuters) - Tech giant Samsung Electronics Co Ltd said on Friday it has formed a new division within its semiconductor business for contract chip manufacturing in a move to strengthen its competitiveness.

Samsung's new foundry division will be responsible for making mobile processors and other non-memory chips for clients such as Qualcomm Inc and Nvidia Corp.

Reporting by Se Young Lee; Editing by Edwina Gibbs

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