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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.
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…
