Samsung Electronics signs $16.5 billion chip-supply contract; shares rise
A Samsung Flag is flying outside the company office in South Korea, South Korea on 05 February 2024.
Chung Sung-Jun | Getty Images News | Getty Images
Samsung Electronics As a regulatory filing by the South Korean company showed a $ 16.5 billion contract to supply a semiconductor to a large company.
Memory chipset, which does not name the other side, said the effective start date of the contract was 26 July 2024 – orders were received and the end date was December 31, 2033.
Samsung did not respond immediately to the request for comments on the contract.
The company said that the details of the agreement, including the name of the other party, will not be announced until the end of 2033 by demanding “protecting commercial secrets” from the second side, according to the Google translation of the file in Koreli.
“Since the main content of the contract is not announced because of the need to maintain business privacy, investors are advised to carefully invest the possibility of changes or termination of the contract.” He said. Stocks increased by more than 2% in early transactions.
Samsung’s casting service produces chips based on designs provided by other companies. Globally, it is the largest Foundry Services provider returning. Taiwan semiconductor production company.
Samsung, which will earn on Thursday, is waiting for more than Halve for the second quarter profit. An analyst told the CNBC that frustrated estimates were because weak orders for the documentary work and the memory job struggling to capture AI demand.
The company fell behind its rivals SK Hynix and Micron in high -band width memory chips, an advanced memory type used in AI chipset sets.
SK Hynix, the leader in HBM, became the main supplier of American AI Behemoth’s chips Nvidia. With Samsung reported He is trying to get the latest version of certified HBM chips by NVIDIA, local output He argues that these plans are pushed back to September.
