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Study will consider how to fast-track chip startups and testing

Shortages caused by ‘chipaggedon’ are hitting the smartphone market, yet hopes are for a bounceback in 2022

It comes as the European Commission set a target of producing 20pc of the world’s semiconductors by 2030

Facility to create 400 jobs

Mobile division reported steadier figures however with strong demand for Galaxy S10 handsets

Samsung announce profits in first quarter off the back of flagship S9 sales and a strong performance in memory business. However Samsung expect a slower second quarter