Qualcomm likely to be sole supplier for Samsung Galaxy S23, analyst says
Justin Sullivan

Qualcomm (NASDAQ:QCOM) is likely to be the only company that produces the processor for Samsung Electronics (OTC:SSNLF) next flagship smartphone, the Galaxy S23, according to a top industry analyst.
TF International Securities analyst Ming-Chi Kuo tweeted on Friday that Samsung (OTC:SSNLF) would pick Qualcomm (QCOM) because its Snapdragon SM8550 5G chip will be made by Taiwan Semiconductor (NYSE:TSM), using a 4 nanometer node.
"SM8550 is optimized for [Taiwan Semiconductor's] design rule, so it has obvious advantages over SM8450/SM8475 in computing power and power efficiency," Kuo added in a separate tweet.
Qualcomm (QCOM) shares moved off the lows of the session and were down roughly 0.5% to $133.64 following the comments. Taiwan Semiconductor (TSM) shares rose slightly more than 0.5% to $81.14.
Samsung (OTC:SSNLF) has used both Qualcomm (QCOM) and Exynos for its processors in the past, with Qualcomm (QCOM) account for 70% of shipments in the Galaxy S22.
In addition, Kuo noted that Qualcomm (QCOM) and its Snapdragon SM8550 5G chip would gain more market share in the high-end Android market next year, as any slowdown in the global economy is likely to impact the high-end part of the smartphone market less than the low and mid-tiers, thus giving a significant benefit to both Qualcomm and Taiwan Semiconductor (TSM).
Late last month, Kuo said that Apple (AAPL) may have "failed" with the development of its own 5G modem chip, making it likely it will using Qualcomm's (QCOM) offerings for the foreseeable future.