Samsung Electronics signs $16.5 billion semiconductor supply deal

Samsung said the deal was just signed for contract chip manufacturing and details of the deal, including partners and terms, will not be disclosed until the end of 2033.

South Korea's Samsung Electronics announced on July 28 that it had signed a $16.5 billion contract to supply semiconductors to a major global corporation.

The world's largest memory chipmaker said in a regulatory filing that the deal is for contract chip manufacturing and details of the deal, including the partner and terms, will not be disclosed until the end of 2033.

The tech giant's stock price rose 3.5% at the opening bell on July 28.

Samsung Electronics is a major player in the contract chip manufacturing industry. It is the second largest chip maker in the world, behind TSMC in terms of market share.

Samsung Electronics recorded total sales of $66.524 billion in 2024, regaining the top spot in semiconductor chip sales, after surpassing US-based Intel with sales of $49.189 billion, according to a survey by global market research firm Gartner.

Previously, in 2023, Samsung Electronics had to cede the leading position to Intel in terms of sales.

Samsung regained the lead and widened the gap with Intel thanks to the recovery in memory component prices.

Samsung Electronics' market share in terms of sales is 10.6%, 2.7% higher than Intel's. Sales growth rate reached 62.5%./.

(TTXVN/Vietnam+)

Source: https://www.vietnamplus.vn/samsung-electronics-ky-hop-dong-cung-cap-chat-ban-dan-tri-gia-165-ty-usd-post1052204.vnp