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SEOUL - Samsung Electronics Co (F:SAMEq). has disclosed that Tesla (NASDAQ:TSLA), Inc. is the counterparty in its previously announced semiconductor contract manufacturing agreement worth approximately $16.5 billion (KRW 22.76 trillion).
In an amended regulatory filing on Thursday, Samsung (KS:005930) revealed Tesla’s identity after initially withholding the information in its original July 28 disclosure at the counterparty’s request for business confidentiality.
The long-term supply agreement, which was signed on July 26, will run from July 24, 2025, through December 31, 2033. The contract value represents about 7.6% of Samsung’s annual revenue based on its consolidated financial statements for 2024.
While Samsung has now identified Tesla as its customer, other key details about the contract remain confidential. According to the filing, the specific contract name and key terms will be disclosed "on the first business day following the withholding period," which extends to the end of 2033.
Samsung noted in its statement that the contract value and period may vary depending on operational circumstances. The company also cautioned investors to "exercise caution, considering the possibility of changes to or termination of the contract."
The disclosure was made through a regulatory news service filing, updating information that was initially released with the counterparty’s name withheld at Tesla’s request for confidentiality.
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