Samsung's 5G chip contract with Qualcomm will help it diversify revenue streams
memory chip manufacturer, but price fluctuations and heightened competition made it an increasingly challenging market. Instead, Samsung now aims to secure 25% of the smartphone foundry market by 2023, in which it held 18% in the fourth quarter of 2019, trailing behind only TSMC at 53%, Samsung's semiconductor strategy is targeting segments that require high up-front investment and which, in turn, have fewer competitors.
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