Locator: 48698CHIPS.
Locator: 48698SAMSUNG.
Locator: 48698APPLE.
Locator: 48698TESLA.
Updates
Samsung and General Motors: link here. General Motors, Samsung, and SDI will build a $3+ billion EV battery cell plant in Indian which is scheduled to begin operations next year, 2026.
Samsung: said to be sparking economic boom in South Carolina with Samsung's $500-million investment in new washing machine plant in Newberry, SC, creating over 1,600 jobs. Link here. Others say there is no story here: saying that if the story is true, in fact, the commitment from Samsung was made during the Biden administration.
Original Post
I wish I knew enough and was articulate enough to write about this.
But look at this: "terms" won't be disclosed until 2033. Say what?
Samsung Electronics has entered into a $16.5 billion contract for supplying semiconductors, a regulatory filing showed Monday. Samsung shares were up more than 2% in early trading.
The South Korean memory chipmaker, which did not name the counterparty, mentioned in its filing that the effective start date of the contract was July 26, 2024 and its end date was December 31, 2033.
It did not immediately respond to a request for comment on the contract.
The company said in its filing that details of the disclosure, including the name of the counterparty would not be disclosed until the end of 2033, citing a request from the contract counterparty “to protect trade secrets,” according to a Google translation of the filing in Korean.
The first question I would ask: "Why, 2033?"
I think part of the answer is obvious, but I don't need the push back so won't say more.
Having said that: multiple sources on x say the buyer is Tesla.
