Samsung Electronics signs $16.5 billion chip-supply contract; shares rise

Group 1 - Samsung Electronics has entered into a $16.5 billion contract for supplying semiconductors, leading to a more than 2% increase in its shares during early trading [1] - The counterparty for the semiconductor contract has not been disclosed, and Samsung did not provide immediate comments regarding the contract [1] - Samsung is expected to report its earnings on Thursday, anticipating a more than 50% decline in second-quarter profits due to challenges in capturing AI demand from competitor SK Hynix [2]