Benzinga | Nov 26, 2021 08:54AM EST

Samsung Tries Reduced Dependence On Qualcomm Chips: Report

* Samsung Electronics Co Ltd (OTC:SSNLF) looks to raise the production of its Exynos chipsets for its Galaxy smartphones to increase the proportion of in-house processors in the devices, DigiTimes reports.

* Samsung also aims to reduce its dependence on Qualcomm Inc (NASDAQ:QCOM) by the move.

* Recently, Apple Inc (NASDAQ:AAPL) chose Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) to manufacture 5G iPhone modems, reducing its reliance on Qualcomm.

* Price Action: QCOM shares traded lower by 3.16% at $175 in the premarket session on the last check Friday.