Samsung prepares $116 billion war chest for mobile chips fight

Samsung has announced a 10-year, $116 billion plan to take over the lead as the world’s foremost processor maker by 2030, as reported by Bloomberg today. The Korean chaebol already enjoys the premier position when it comes to selling mobile memory chips, and Bloomberg notes that its semiconductor division accounted for three quarters of its 2018 operating income. Which is to say that, as much as we focus on Samsung’s consumer products like the Galaxy S10 and flop-of-the-year candidate Galaxy Fold, the company’s money is made chiefly by building the internal chips that feed and power consumer electronics. Even Apple has little choice but to use Samsung’s displays and memory.

What Samsung is looking to do now is to compete with the likes…

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