Qualcomm(US:QCOM) Huan Qiu Wang Zi Xun·2025-11-18 08:16Core Insights - Samsung's mobile division (MX) has reached an agreement with its LSI division to equip the base models of Galaxy S26 and S26+ with the self-developed Exynos 2600 chip, which is priced 20-30 USD lower than Qualcomm's Snapdragon 8 Elite Gen 5, aiming to strengthen its negotiation position with Qualcomm and enhance mobile business profit margins [1][4] Group 1 - The discount on the Exynos 2600 applies to the initial supply, with future pricing to be renegotiated, but the current low price significantly boosts the mobile division's profits [4] - The Galaxy S26 Ultra will exclusively feature Qualcomm's flagship chip, while other S26 models in the US and certain regions will also use Snapdragon solutions; the base S26 and S26+ will prioritize the Exynos 2600 in the EU, South Korea, and developing markets [4] Group 2 - The Exynos 2600 utilizes Samsung's 2nm GAA process and incorporates heat conduction blocking technology (HPB), although there are industry concerns regarding its yield; reports vary with some indicating yield issues limiting mass production while others claim stable yields with a 30% improvement in efficiency and thermal control, alongside enhanced AI performance due to NPU upgrades [4] - Qualcomm's flagship chip has consistently outperformed Samsung's Exynos series in performance due to its custom CPU cores developed in recent years [4]