Samsung Electronics to End Major U.S. Logic-Chip Project
November 05 2019 - 4:58AM
Dow Jones News
By Kwanwoo Jun
Samsung Electronics Co. (005930.SE), the world's largest
memory-chip maker, said Tuesday it will halt a major
processing-chip development project in the U.S.
The termination of a central-processing-unit core development
project at U.S. research and development units would make some 300
jobs redundant there by the year's end, Samsung said.
Samsung's project was aimed at developing its own logic chips,
called Exynos, to compete with rival chipmaker Qualcomm.
"Based upon a thorough assessment of our System LSI business and
the need to stay competitive in the global market, Samsung has
decided to transition part of our U.S.-based R&D teams in
Austin and San Jose," Samsung said in a statement.
The statement did not detail its arrangements for the affected
employees, but said: "Samsung remains committed to supporting and
growing our American workforce that are an integral part of the
company's success" though the project is set to end.
Samsung officials said the affected staff could be relocated to
other positions within the company, which employs over 2,000
employees in the U.S.
Samsung has recently ramped up investment in developing logic
chips after decades of relying heavily on the memory-chip
business.
Write to Kwanwoo Jun at kwanwoo.jun@wsj.com
(END) Dow Jones Newswires
November 05, 2019 04:43 ET (09:43 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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