Qualcomm in talks with Samsung Electronics for contract manufacturing, South Korean newspaper says

SEOUL, Jan 7 (Reuters) – Qualcomm is in talks with Samsung Electronics ​over contract manufacturing of two-nanometre ‌chips, the U.S. company’s CEO Cristiano Amon was ‌quoted by the Korea Economic Daily as saying on Wednesday.

The South Korean paper cited Amon as saying ⁠that Qualcomm was ‌holding talks first with Samsung Electronics, among several semiconductor ‍foundry firms, about contract manufacturing using the latest two-nanometre process, with design work already ​completed for commercialisation in the ‌near future.

Qualcomm was not immediately available for comment outside regular business hours. Samsung Electronics said it did not comment on specific customers.

Samsung Electronics’ co-CEO ⁠and chip chief, Jun ​Young-hyun, said last ​week that recent supply deals with major customers had left its ‍loss-making foundry ⁠business “primed for a great leap forward”. Samsung Electronics signed a $16.5 billion ⁠deal with Tesla in July.

(Reporting by Heekyong ‌Yang and Jihoon Lee. Editing ‌by Mark Potter)