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An announcement from Samsung Electronics ( (GB:SMSN) ) is now available.
Samsung Electronics has announced an amendment to its ‘Single Sale and Supply Contract’ with Tesla, Inc. for semiconductor contract manufacturing. The contract, valued at approximately USD 16.5 billion, will run from July 2025 to December 2033. The disclosure of Tesla as the counterparty follows a confidentiality agreement, and key contract terms will remain undisclosed until the end of the withholding period. This significant deal underscores Samsung’s strategic positioning in the semiconductor industry and its ongoing partnership with major global companies like Tesla, potentially impacting stakeholders by enhancing Samsung’s market presence and revenue streams.
More about Samsung Electronics
Samsung Electronics Co., Ltd. is a leading global technology company in the electronics industry, primarily known for its semiconductor manufacturing, consumer electronics, and information technology services. The company focuses on innovation and quality, serving a broad market that includes consumer, industrial, and automotive sectors.
Average Trading Volume: 12,345
Technical Sentiment Signal: Strong Buy
Current Market Cap: $332.2B
For an in-depth examination of SMSN stock, go to TipRanks’ Overview page.