Samsung shares rise on Apple supply deal, US tariff exemption

Published 07/08/2025, 05:22
© Reuters.

Investing.com-- Samsung Electronics (KS:005930) shares rose on Thursday after the company unveiled a new chip partnership with Apple (NASDAQ:AAPL), while an exemption from a proposed 100% U.S. tariff on imported semiconductors further boosted sentiment.

Apple said on Wednesday that it will source chips from Samsung’s Texas-based production facility for its Apple products, including iPhones.

The tie-up was disclosed as part of Apple’s wider push to increase U.S. manufacturing investment by an additional $100 billion.

In a separate development, South Korea’s trade envoy, Yeo Han‑koo, said Samsung and SK Hynix Inc (KS:000660) would not face the steep U.S. duties, a move seen as favorable under the recent trade deal between Seoul and Washington. 

Seoul-listed Samsung shares rose as much as 3.2% to 71,000 won as of 04:18 GMT.

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