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Samsung Electronics Co said on Friday it would license its latest chip manufacturing technology to U.S. firm GlobalFoundries, a move that would help it expand production as it vies with bigger rival TSMC for orders from customers like Apple Inc. Samsung, the worlds biggest maker of memory chips, wants to grow its foundry chip manufacturing and mobile processing chips business to match rising demand from smartphone makers. Its ambitions have been hampered by a late start in a rapidly changing industry and the dominance of TSMC, the preferred supplier for most customers. In a statement, Samsung said it had agreed to license its 3-dimentional chip manufacturing technology, called FinFET, to New York-based GlobalFoundries, the worlds second-largest contract chipmaker.