[Asia Economy Reporter Lee Seon-ae] Samsung Electronics' stock price started higher following news that Intel has signed a contract for foundry production with Samsung Electronics.
As of 9:06 AM on the 22nd, Samsung Electronics is trading at 88,800 KRW, up 0.79% from the previous day.
The US IT market research firm 'SemiAccurate' reported that Intel recently signed a semiconductor foundry (contract manufacturing) agreement with Samsung Electronics. According to SemiAccurate, Intel recently outsourced semiconductor production to a company other than TSMC, and the only companies worldwide capable of producing the advanced semiconductors Intel requires are TSMC and Samsung Electronics. Therefore, Samsung Electronics has effectively secured Intel's semiconductor foundry contract.
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