Samsung Electronics creates new contract chip manufacturing division
SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd said on Friday it has formed a new division within its semiconductor business for contract chip manufacturing in a move to strengthen its competitiveness. Samsung's new foundry division will be responsible for making mobile processors and other non-memory chips for clients such as Qualcomm Inc and Nvidia Corp. (Reporting by Se Young Lee; Editing by Edwina Gibbs)