WOLFSON Microelectronics has signed a deal with Samsung that will see the Edinburgh-based firm’s audio technology used in the Korean giant’s smartphones and tablets.
The agreement will see Samsung, now the world’s biggest seller of smartphones, work with Wolfson as a “primary partner” to develop audio chips for devices including the soon to be released Galaxy S4, the company’s latest iPhone rival.
The City cheered the news yesterday, sending shares in Wolfson up more than five per cent.
Wolfson has worked extensively with Samsung in the past, but the new deal will provide security to cautious investors who have been burned before when the company lost a contract to supply technology to Apple’s iPod and iPhone.
Wolfson boss Mike Hickey said the deal was “a significant milestone”.