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Samsung signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025.

David Paul Morris | Bloomberg | Getty Images

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 did not name the counterparty. It did not immediately respond to a request for comment on the contract.

Samsung is set to deliver earnings on Thursday and expects its second-quarter profits to more than halve as it struggles to capture AI demand from rival SK Hynix.

This is breaking news. Please check back for updates.

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