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Friday, January 7, 2011

CES-Samsung says open to mobile chip M&A, sees foundry deals, (NASDAQ: QCOM), (NYSE: TXN), (NASDAQ: BRCM)

Samsung Electronics Co (005930.KS) is open to acquisitions to grab a bigger share of the booming mobile processor market, and is expecting to win more chip manufacturing deals in the next two to three years. The South Korean company is the world's biggest maker of memory chips but it lags far behind in the non-memory chip processor business dominated by the likes of Qualcomm (QCOM.O), Texas Instruments (TXN.N) and Broadcom (BRCM.O). "We constantly study the market and try to determine what's the best ... and there's absolutely no reason why we want to avoid doing M&A," Wong Yiwan, vice president of Samsung's system chip business, told Reuters in an interview in Las Vegas at the Consumer Electronics Show.