- Samsung Electronics Co Ltd SSNLF looks to raise the production of its Exynos chipsets for its Galaxy smartphones to increase the proportion of in-house processors in the devices, DigiTimes reports.
- Samsung also aims to reduce its dependence on Qualcomm Inc QCOM by the move.
- Recently, Apple Inc AAPL chose Taiwan Semiconductor Manufacturing Co Ltd TSM to manufacture 5G iPhone modems, reducing its reliance on Qualcomm.
- Price Action: QCOM shares traded lower by 3.16% at $175 in the premarket session on the last check Friday.
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