The world's largest memory chip maker said that in the documents submitted to the management agency, the signed agreement was about the production of chips under contracts, and at the same time, details about the agreement, including the name of the partner, will not be disclosed until the end of 2033, citing the reason of "protecting trade secrets", according to CNBC. Samsung did not immediately respond to a request for comment on this contract.
The announcement helped the listed stock of the Korean "tech giant" in Seoul increase by 3.5% to 68,200 won in the morning trading session of July 28.
Samsung Electronics is a large company in the field of contract chip manufacturing. The company ranks second in chip manufacturing, behind TSMC in market share.
It is known that according to a survey by global market research company Gartner, Samsung Electronics recorded a total sales of 66.524 billion USD in 2024, regaining the leading position in semiconductor chip sales, after surpassing US Intel with sales of 49.189 billion USD.
Previously, in 2023, Samsung Electronics had to give Intel the lead in sales. However, Samsung has regained its lead and widened the gap with Intel thanks to the recovery in memory component prices. Samsung Electronics' sales market share is 10.6%, 2.7% higher than Intel's. The sales growth rate reached 62.5%.
