Samsung to Close CPU Research Division in U.S.

Investing.com – South Korea-based Index heavyweight Samsung Electronics Co Ltd (KS:) announced on Tuesday that it is closing down a CPU project at its Samsung Austin Research Center in the U.S.

The decision to shut down the research division means that there will not be any future in-house developed cores like the Moongoose M4 found in Exynos 9820, the company’s current flagship silicon.

It will also make some 300 jobs redundant, but the affected employees could be relocated to different projects, Samsung said in a statement.

“Based upon a thorough assessment of our System LSI business and the need to stay competitive in the global market, Samsung has decided to transition part of our U.S.-based R&D teams,” the company said, referring to its logic chip business.

Citing a company spokeswoman, Reuters said the affected employees mostly come from its Austin R&D Center.

Samsung’s stock prices were little affected by the news and gained 0.6% to 52,600 won on Tuesday in Asia.

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