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Samsung announces a $16.5B deal to produce chips that runs through the end of 2033 and boosts its underperforming foundry unit; source: Tesla is the customer (Bloomberg)

137d ago
Technology
Techmeme
Digital technology
Samsung has secured a $16.5 billion deal to manufacture chips until the end of 2033, significantly boosting its foundry business. According to sources, Tesla is the customer for this long-term contract. This agreement represents a major win for Samsung's semiconductor division, which has been striving to increase its market share in the competitive chip manufacturing industry. The deal underscores the growing demand for advanced chips in various sectors, particularly the automotive industry, as Tesla continues to expand its electric vehicle production. The long-term nature of the contract provides Samsung with revenue stability and strengthens its position as a key player in the global semiconductor market.
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