Samsung Electronics sets up a new contract chip manufacturing division

Tech giant Samsung Electronics Co Ltd said on Friday it has formed a new division within its semiconductor business for contract chip manufacturing as the firm seeks to attract more customers.
The new division will be responsible for making mobile processors and other non-memory chips for clients such as Qualcomm and Nvidia, competing with firms such as Taiwan Semiconductor Manufacturing Co.
It will continue to be overseen by Kim Ki-nam, Samsung’s president overseeing all chip businesses.
The move is unlikely to surprise. Analysts had speculated that the firm would eventually split apart its foundry and system chip operations to make them more efficient and ease concerns from customers about potential leaks to parts of Samsung that compete with them.