Samsung sign during the NVIDIA GPU Technology Conference (GTC) held in San Jose, California, USA on Thursday, March 20th, 2025.
David Paul Morris | Bloomberg | Getty Images
Samsung Electronics It has signed a $16.5 billion contract to supply semiconductors, regulatory filings were announced Monday. Samsung shares rose more than 2% in early trading.
The Korean Memory Chip Maker mentioned in the application that the contract’s valid start date is July 26, 2024 – receipt of the order, and its end date is December 31, 2033.
We did not respond immediately to requests for comment regarding the contract.
The company said that disclosure details, including the counterparty’s name, will not be disclosed until the end of 2033, citing a contract request from the contract’s counterparty to “protect trade secrets” agreement.
“We recommend that investors invest carefully considering the possibility of changes or termination of the contract, as the main content of the contract is not disclosed due to the need to maintain the confidentiality of the business,” the company said.
Samsung’s Foundry Service manufactures chips based on designs offered by other companies. It is the second largest provider of casting services globally. Taiwan Semiconductor Manufacturing Co.
Samsung is expected to earn more than half its second quarter profits as it struggles to capture AI demand from its rivals Sk Hynix.
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