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2025-07-30 11:28:28
[Samsung's large order from Tesla drives up South Korean stocks, and tomorrow's financial report may have more details] Samsung unexpectedly reached a chip manufacturing deal worth $16.5 billion with Tesla, injecting new vitality into the foundry company that was almost regarded as insignificant by many investors. Samsung's stock price has risen by 9% since the news was announced, bringing its July increase to more than 20% and is expected to record its best monthly performance in more than four years. More than half of the gains in the Korea Composite Stock Price Index (KOSPI) in July came from Samsung, highlighting the growing enthusiasm of investors. Samsung is expected to provide more details about the Tesla deal and its outlook for the second half of the year when it releases second-quarter earnings on Thursday. Previously, the company expected its preliminary operating profit to fall by 56%, a larger-than-expected drop. In addition, investors are also eager to see whether Samsung can benefit from Nvidia's resumption of sales of its H20 AI chips to China.
