robas/iStock Unreleased via Getty Images
- Samsung Electronics (OTCPK:SSNLF) on Thursday said that a trade agreement with the U.S., which imposes 15% tariffs on imports from South Korea, helps reduce uncertainty.
- The company also expects a rise in major chip orders following its $16.5 billion deal with EV giant Tesla (NASDAQ:TSLA).
- “Building on this milestone, we anticipate securing additional orders from large customers,” Samsung Vice President Noh Mi-jung said of its struggling contract chipmaking business during an earnings conference call.
- The company forecasts robust AI-driven demand backed by continued investment by major cloud service providers.
More on Samsung Electronics, Tesla
- Samsung Electronics: Taking Stock After The Tesla Game-Changer
- Tesla Valuation Is Built On Dreams
- Tesla Earnings Show Its Core Business Is Struggling
- Tesla strikes $4.3B battery supply deal with LG Energy – report
- Samsung U.S. shipments soar in Q2; ‘Made-in-India’ smartphones skyrocket to 44% of imports