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Samsung bets big on foldable smartphones amid chip crunch

South Korean tech titan is working on new double-hinged model

TAIPEI/SEOUL -- Samsung Electronics is betting heavily on foldable smartphones, with plans to sharply increase production and a new, double-folding model under development, Nikkei Asia has learned.

Samsung has previously announced it will skip introducing a new version of one of its nonfolding flagship phones, the Note, this year, while CEO Koh Dong-jin said the company hopes to increase its foldable phone production despite an ongoing global chip shortage.

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