[Market Focus] Exem Surges on Highlighted Supply to Samsung's Texas Plant Amid Samsung-Tesla Deal

Exem's stock price rises on news of Samsung Electronics' contract with Tesla
Largest-ever semiconductor contract for Samsung Electronics
Exem previously collaborated with Samsung Electronics in Texas

Exem's stock price is rising after Samsung Electronics signed a contract worth 23 trillion won to produce autonomous driving chips for Tesla. This surge appears to be linked to Exem's previous collaboration with Samsung Electronics in the Texas region of the United States, where the contracted chips will be manufactured.

As of 2:55 PM on the 28th, Exem's stock price stood at 2,305 won, up 5.02% from the previous day.

On this day, Samsung Electronics announced that it had signed a foundry supply contract worth 22.7648 trillion won (16.5 billion dollars) with a major global company. This amount is equivalent to 7.6% of Samsung Electronics' total sales last year. For the semiconductor division, this is the largest contract ever with a single customer.

According to Bloomberg News in the United States, the company involved is reported to be Tesla. Bloomberg reported that Samsung Electronics has signed a multi-year contract worth 16.5 billion dollars with Tesla.

Exem is a company that supplies application performance management (APM) solutions and database monitoring solutions. It has previously supplied products to Samsung Austin Semiconductor (SAS), located in Austin, Texas.