According to a report coming out of South Korea, Samsung Foundry will make Snapdragon 750 chipsets using its 8nm FinFET process. The value of the deal isn't known yet, though. The upcoming 5G chipset will reportedly be used in the Galaxy A42 5G and the Xiaomi Mi 10 Lite 5G. Both these smartphones are expected to be launched towards the end of 2020.
The South Korean tech giant recently won chip making contracts to make Qualcomm's Snapdragon 875 chips using the 5nm EUV process, Nvidia's RTX 3000 series GPUs using the 8nm process, and IBM's POWER10 data center chip using the 7nm process. Industry insiders say that multiple Qualcomm deals are the result of Samsung's technological prowess and better prices.
Samsung will reportedly spend $8.6 billion every year to develop and improve its chip technologies and to buy new equipment. Although the South Korean firm was a latecomer to the foundry industry, it is competing closely with TSMC, the current market leader. According to TrendForce, Samsung has a 17.4% share of the global foundry market and its expected revenue for Q3 2020 is $3.67 billion.
