In a regulatory filing, the South Korean tech veteran stated that it has signed a foundry contract which is to be completed by 31 December 2033. According to the report of the Yonhap news agency, the company did not reveal the nuances of the customer’s identity or deal citing “management privacy”.
The contract is 7.6 percent of the company’s total 300.9 trillion von revenue last year and is the largest chip order received by Samsung Electronics so far. The deal is expected to give a very important boost to its Foundry Department, which has long been struggling to mix with the Global Industry leading Taiwan Semiconductor Manufacturing Company (TSMC).
In its income guideline released earlier this month, Samsung Electronics had estimated the operational advantage of 4.59 trillion von for the second quarter and the sale of 74 trillion vons. In particular, due to the sluggish performance of the foundry and system large scale integration (LSI) divisions, the operational gains did not meet the market expectations.
Following this announcement, Samsung Electronics shares were trading at 67,500 vons by 9:37 am to 67,500 von, which was a better performance with a wide KOPPI’s decline of 0.26 percent.
Meanwhile, President Li J Muung met Samsung Electronics President Lee J-Yong last year, said the President’s Office, which was expected to discuss several business and investment issues between the trade talks between Seoul and Washington.
President’s spokesperson Kong You-Jung said in a written briefing, “After last week’s meeting, President Lee also continued his meeting with business leaders this week,” and further stated that he had dinner with the president of Samsung that day.
He further said, “He exchanged views on many subjects without any fixed agenda.”
The dinner meeting is held at a time when South Korea wants to reach a trade agreement with the United States to reduce 25 percent of mutual tariffs on Korean goods before the August 1 time limit, including a package deal, including provisions on trade, investment and safety cooperation.
-
Effective desi tips to increase children’s immunity: Easy and effective ways
-
Garlic oil is extremely beneficial for bones, in minutes, joint pain will be disappeared, know how to use? – News Himachali News Himachali
-
There are 67,003 crore unclaimed in banks, how are you claimants, how to claim?
-
Indian vegetables that can be easily grown at home will not come
-
Government official’s ‘black earning’ of 40-50 lakhs every month, wife got fed up suicide – News Himachali News Himachali
