Samsung has denied news that it will discontinue its Exynos chipset business, following rumors that the company will skip Exynos-powered flagship phones in 2023 and possibly even 2024. According to South Korea’s Economic Daily News, the company said on a conference call in the second quarter of 2022 that it would discontinue its Exynos business, “which is completely untrue.”
“Currently, we are restructuring our system-on-chip (SoC) business model and are pursuing a plan to strengthen our competitiveness in the medium to long term,” the company explained.
“In particular, we are focusing on strengthening the competitiveness of the next-generation mobile Exynos, and we are trying to maximize the market share of key customers by strengthening cooperation with leading IP companies and starting early development,” the company added.
The announcement comes sometimes after several outlets reported that Samsung is working on an ambitious custom SoC for the Galaxy flagship. It is said that this chipset will come out in 2025.
In May, South Korean media reported that Samsung will skip Exynos-based Galaxy flagship models in 2023 and 2024. Samsung issued a response at the time, saying “no specific decision has been made.”
Well-known industry analyst Ming-Chi Kuo partially confirmed this claim a few weeks ago, asserting that next year’s Galaxy S23 series will only be equipped with Snapdragon processors.
Still, Samsung’s latest announcement suggests that work is underway on the next-generation Exynos processor, but it needs an overhaul of the division to truly compete with the likes of Qualcomm and Apple.
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