Samsung Electronics has signed a $16.5 billion contract for supplying semiconductors to a major global corporation. The South Korean tech giant did not name the buyer but stated in a filing that the start date of this contract was 26 July 2024 and the end date was 31 December 2033.
class=”backlink” target=”_blank” href=”https://www.livemint.com/companies/samsung-electronics-ceo-han-jong-hee-dies-at-63-11742863781357.html” data-vars-page-type=”story” data-vars-link-type=”Manual” data-vars-anchor-text=”Samsung Electronics”>Samsung Electronics‘ shares rose by as much as 3.5% in Seoul after the announcement, the company’s biggest intraday gain in almost four weeks, according to a Bloomberg report.
In its filing, the company noted that the deal signed on Saturday was related to contract chip…
