🚨SAMSUNG STRIKES $16.5 BILLION CHIP #DEAL WITH #TESLA AMID GLOBAL TECH RACE

🔹Samsung Electronics has secured a $16.5 billion chip manufacturing contract with an undisclosed global client, boosting its shares by 3.5%.

🔹The deal, lasting through 2033, aims to revive Samsung’s foundry momentum amid stiff AI chip competition with TSMC.

🔹Samsung has customers like Tesla (NASDAQ: $TSLA) and Qualcomm (NASDAQ:QCOM) for its foundry business

🔹 While the customer remains confidential, analysts say it likely doesn’t involve cutting-edge 2nm tech. Impact on Samsung’s delayed Texas factory launch remains uncertain.

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