Samsung Could Spin Off Chip Making Division

Samsung is apparently considering spinning off its chip making division into a new company, this new idea has been considered since Samsung lost out on Apple’s most recent processor to Taiwan’s TSMC.

The company is apparently looking to split the design and manufacture of its chips into two different companies, the manufacture would be handled by a new business which would be a separate company.

The consideration came after the company lost Apple, the largest customer in the sector of application processors (AP), which refers to the brain of smartphones, to Taiwan’s TSMC and some raised awareness towards the need to separate the foundry business division.

As yet there are no details on when Samsung may make these changes, the company has been restructuring some parts of the business this year.

Source Business Korea