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Samsung Electronics announced on Monday that it has signed a $16.5 billion contract to supply semiconductors to a leading global corporation, marking one of its largest chip manufacturing deals to date. The agreement, disclosed through a regulatory filing, was finalized on Saturday and covers contract chip manufacturing services. Specific details, including the client’s identity and contract terms, will remain confidential until the end of 2033.
The deal underscores Samsung’s strong presence in the global foundry market, where it competes closely with Taiwan Semiconductor Manufacturing Company (TSMC). Samsung is the world’s second-largest contract chip manufacturer and the largest memory chipmaker, playing a pivotal role in supplying advanced semiconductors for sectors ranging from consumer electronics to artificial intelligence.
Following the announcement, Samsung Electronics’ shares rose 3.5% in early trading on Monday, reflecting investor optimism about the company’s growth in high-value semiconductor production. The contract is expected to bolster Samsung’s foundry business at a time when demand for advanced chips, including those used in AI and data centers, continues to surge worldwide.
Industry analysts view the deal as a strategic win for Samsung, potentially enhancing its competitive positioning against TSMC as tech companies race to secure cutting-edge chip supplies. The long-term nature of the contract also signals strong confidence in Samsung’s manufacturing capabilities and its ability to meet increasing global semiconductor demand.
