Samsung will soon have a new client to take advantage of its new chipsets. A fresh report coming out of South Korea citing anonymous sources has revealed that Samsung will start developing new chipsets for AMD (Advanced Micro Devices) next year.

South Korean publication Electronic Times said the new chipsets will use the industry's most advanced 14nm technology. Samsung's foundry business and Globalfoundries will co-develop the new central processing and graphics processing chipsets for AMD in 2016. This new partnership between Samsung and AMD comes at a crucial time when the Korean tech giant is trying to overturn the slow earnings from its smartphone division.

In Q3 2015, Samsung managed to stabilise the profits from its smartphone business by reaching $2.1 billion, up from $1.54 billion during the same quarter last year, despite Apple's strong sales of iPhones since 2014. Samsung's semiconductor and display business remain strong.

Samsung has already demonstrated the capabilities of chipsets based on 14nm technology in the Galaxy S6 and Galaxy S6 Edge smartphones. The industry's current standard is 16nm chips and Samsung's 14nm chips are comparatively powerful and efficient. The 14nm FinFet process by Samsung and Globalfoundries enables 20 percent higher speed, 35 percent less power and 15 percent area scaling over 20nm technology.

Powered by these chipsets, handsets like Galaxy S6 and Galaxy S6 Edge set new benchmark standards for high-end smartphones. With a wider implementation of 14nm chipsets, premium smartphones are expected to strike better results in terms of performance.

Samsung has already started work on next-generation 10nm-based FinFET transistor and the company is expected to begin mass production of the new networking chipsets in late 2016.