Samsung signage through the Nvidia GPU Know-how Convention (GTC) in San Jose, California, US, on Thursday, March 20, 2025.
David Paul Morris | Bloomberg | Getty Photographs
Samsung Electronics has entered right into a $16.5 billion contract for supplying semiconductors, a regulatory submitting confirmed Monday. Samsung shares have been up greater than 2% in early buying and selling.
The South Korean reminiscence chipmaker, which didn’t title the counterparty, talked about in its filings that the efficient begin date of the contract was July 16, and its finish date was Dec. 31, 2033.
It didn’t instantly reply to a request for touch upon the contract.
The corporate mentioned in its submitting that particulars of the disclosure, together with the title of the counterparty wouldn’t be disclosed till the tip of 2033, citing a request from the contract counterparty “to guard commerce secrets and techniques,” in line with a Google translation of the submitting in Korean.
“For the reason that principal contents of the contract have been not been disclosed because of the want to keep up enterprise confidentiality, buyers are suggested to take a position rigorously contemplating the potential for adjustments or termination of the contract,” the corporate mentioned.
Samsung’s foundry service manufactures chips primarily based on designs supplied by different firms. It’s the second largest supplier of foundry providers globally, behind Taiwan Semiconductor Manufacturing Co.
Samsung is ready to ship earnings on Thursday and expects its second-quarter income to greater than halve because it struggles to seize AI demand from rival SK Hynix.
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