Samsung Says to Shut Down US CPU Research Division

Samsung Electronics said on Tuesday it will shut down a CPU research division at one of its US facilities, a move that analysts said dimmed prospects for the tech giant's Exynos-branded mobile chips.

Exynos mobile processor chips are considered a hallmark of the South Korean firm's attempts to reduce its reliance on memory chips and increase sales of logic chips that are used to power mobile devices and autonomous vehicles. MORE>>