South Korean electronics giant Samsung Electronics said it has developed the world's first 10-chip MCP (multi-chip package) that would boost space efficiency in mobile phones and other portable devices.

The new multifunctional chip package can mix different memory chips depending on its application, Samsung said.

The MCP has become a core part of mobile phones, delivering high capacity and small size. US market researcher iSuppli Corp predicts the global MCP market will rise from 4.9 billion dollars this year to 7.6 billion dollars in 2008.