Samsung denies news that it will stop its Exynos chipset business, following rumors that the company will skip Exynos-powered flagship phones in 2023 and possibly even 2024. The company said during its 2022 second-quarter conference call that it would stop its Exynos business, “which is not true at all,” according to South Korea’s Economic Daily.
“We are currently 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 our next-generation mobile Exynos, and we are trying to maximize market share with key customers by strengthening our partnerships with leading IP companies and starting early development,” the company added.
The announcement comes sometimes after several media outlets reported that Samsung is developing an ambitious custom SoC for its Galaxy flagship. Such a chipset is said to be coming in 2025.
In May a Korean media outlet reported that Samsung would skip the Exynos-based Galaxy flagship models in 2023 and 2024. Samsung issued a response at the time, saying “no specific decision has been made.
Leading industry analyst Ming-Chi Kuo partially confirmed the claim a few weeks ago, asserting that next year’s Galaxy S23 series will be equipped with only Snapdragon processors.
Nonetheless, Samsung’s latest statement suggests that the development of the next-generation Exynos processor is underway, but that it will need to overhaul the division to really take on the likes of Qualcomm and Apple.