Reported 1 day ago
Samsung Electronics’ unexpected $16.5 billion chipmaking agreement with Tesla has revitalized investor interest in its foundry business, leading to a significant rise in its stock price. This collaboration marks a strategic shift for Samsung, aiming to attract more external clients as it faces challenges from competitors like SK Hynix and Apple. Analysts believe the deal could enhance Samsung’s market value by over $50 billion, despite lingering concerns about its long-term execution capabilities in the semiconductor sector.
Source: YAHOO