[Special Stock] Samsung Electronics Recovers to 70,000 Won for First Time Since Last September... 23 Trillion Won Foundry Contract Boost

Samsung Electronics has recovered its stock price to 70,000 won for the first time in about 11 months. This is believed to have been influenced by news that the company has signed a foundry (semiconductor contract manufacturing) agreement with a global corporation.

As of 3:15 p.m. on July 28, Samsung Electronics recorded 70,000 won, up 4,100 won (6.22%) from the previous trading day. This is the first time since the closing price on September 4 of last year that Samsung Electronics has reached 70,000 won.

On this day, Samsung Electronics announced via a regulatory filing that it had signed a semiconductor contract manufacturing supply agreement with a global corporation worth a total of 22.7648 trillion won. This supply agreement amounts to 7.6% of Samsung Electronics' total sales of 300.8709 trillion won last year. It is the largest contract for a single customer in the semiconductor division of Samsung Electronics.

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