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Stock impact report

Samsung to tap Xilinx chips for 5G network equipment [Reuters]

Xilinx, Inc. (XLNX) 
Last xilinx, inc. earnings: 4/22 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.xilinx.com
Company Research Source: Reuters
Samsung to tap Xilinx chips for 5G network equipment April 15 (Reuters) - American semiconductor firm Xilinx Inc said on Wednesday it had won a deal to supply chips to Samsung Electronics Co Ltd for 5G networking equipment. Financial terms of the deal were undisclosed. Xilinx makes programmable chips used in telecommunications equipment such as base stations made by Ericsson, Nokia and Huawei Technologies Co Ltd. However, it was prevented from shipping some products to Huawei by U.S. authorities. Samsung, known by consumers mainly for its mobile phones, has been building and expanding a business in the network equipment industry, powering many of the 5G networks rolled out in Korea. The companies said Samsung will use Xilinx’s “Versal” computing chips, which will help with a technology called beamforming that lets 5G gear handle more wireless data than previous generations of networks. Show less Read more
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