Last month a meeting was held between Samsung and representatives from 30 chip manufacturers where lack of chips was pointed out to be a challenging issue for Samsung and the rest of the suppliers. As a result, Samsung did not meet its desired number of smartphones in production for the current year. In 2022, Samsung wants to change the game in the industry. To ensure the manufacturing and delivery of sufficient chips to satisfy its goals. The South Korean company intends to negotiate year-round contracts with other suppliers as part of its strategy to ensure proper production capacity without experiencing excessive price rises. With two significant models(Galaxy S21 FE and Galaxy S22) set to be released in early 2022, this won’t be too much to meet the world’s ever-growing need for smartphones. Source : TheElec
