- Samsung (OTC:SSNLF) is set to make semiconductors related to next-gen communications, application processing and sensors for Cisco Systems (CSCO +0.3%) and Google (GOOG -0.8%, GOOGL -0.9%) after receiving orders from the two companies, South Korea's Electronic Times reports.
- It points to an uptick in foundry momentum for Samsung, which received the orders early this year, according to the report.
- The company is working on a next-gen telecom chip for Cisco and is in the development phase. And its Google order concerns more than one chip, including reports Google is seeking a sensor to measure body movements, as well as an unprecedented application processor.
- Samsung is set to do both design and production on the new chips, rather than consigned-out production.