Samsung to produce new Qualcomm chips

Qualcomm Inc said Samsung Electronics Co Ltd will become the sole manufacturer of its new flagship mobile chip.
Qualcomm Inc said Samsung Electronics Co Ltd will become the sole manufacturer of its new flagship mobile chip, a major boost for the South Korean tech giant as it vies for deals with bigger rival TSMC.
The deal, which some analysts estimate is worth over $1 billion, comes as Samsung, a major Apple Inc supplier, is heading into another profit drop this year due to slowing demand for c