Core Viewpoint - Samsung has entered into a significant $16.5 billion chip manufacturing agreement with Tesla, indicating a strategic partnership aimed at enhancing production efficiency and addressing the growing demand for semiconductor technology [2][4]. Group 1: Agreement Details - The contract, valued at 22.8 trillion Korean Won, will see Samsung's new factory in Texas dedicated to producing Tesla's next-generation AI6 chips, highlighting its strategic importance [4][5]. - The agreement is set to commence on July 26, 2024, and will last until December 31, 2033, representing approximately 7.6% of Samsung Electronics' projected revenue for 2024, which is 300.9 trillion Korean Won [5]. Group 2: Financial Implications - This long-term supply agreement is expected to bolster Samsung's struggling foundry business, which has been facing challenges as indicated by its latest financial report showing a 0.09% year-on-year decline in sales to 74 trillion Korean Won and a 55.94% drop in operating profit to 4.6 trillion Korean Won [5]. - The semiconductor division's operating profit is estimated to be less than 1 trillion Korean Won, with the foundry segment identified as a primary contributor to the underperformance [5].
三星获165亿美元订单!