Samsung Electronics signs $16.5 billion contract to supply semiconductors
said on Monday it has signed a contract valued at $16.5 billion to supply
semiconductors
to a major
global corporation
.
The world's biggest memory chipmaker said in the regulatory filing the deal signed on Saturday was for
contract chip manufacturing
and said details of the agreement including the counterpart and terms would not be disclosed until the end of 2033.
Explore courses from Top Institutes in
Please select course:
Select a Course Category
Public Policy
Digital Marketing
Data Science
PGDM
MCA
Finance
Data Analytics
Cybersecurity
Others
Data Science
Project Management
Management
Leadership
Healthcare
Operations Management
others
Technology
Degree
Design Thinking
healthcare
MBA
CXO
Product Management
Artificial Intelligence
Skills you'll gain:
Economics for Public Policy Making
Quantitative Techniques
Public & Project Finance
Law, Health & Urban Development Policy
Duration:
12 Months
IIM Kozhikode
Professional Certificate Programme in Public Policy Management
Starts on
Mar 3, 2024
Get Details
Skills you'll gain:
Duration:
12 Months
IIM Calcutta
Executive Programme in Public Policy and Management
Starts on
undefined
Get Details
Samsung Electronics declined to comment on the contract.
Shares in the tech giant opened up 3.5% on Monday.
Samsung Electronics is a major player in contract chip manufacturing, also known as
foundry services
.
Live Events
While Samsung is the second-largest player in the industry, behind
TSMC
in market share.
Economic Times WhatsApp channel
)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
16 hours ago
- Time of India
Raksha Bandhan 2025 date: August 8 or 9? Check shubh muhurat, bhadra timings, and best time to tie Rakhi
Raksha Bandhan, the festival that honours the bond between brothers and sisters, will be celebrated this year on August 9, 2025. The festival is observed on the full moon day of the Shravana month in the Hindu calendar, which generally falls in August. Families across India and in other countries with Hindu populations mark this day with rituals and gatherings that highlight love and protection between siblings. Drik Panchang states: "The best time to tie Rakhi on Raksha Bandhan is during Aparahna, which is late afternoon according to the Hindu division of the day. If Aparahna time is not available, then Pradosh time is also suitable to perform rituals related to Raksha Bandhan." Explore courses from Top Institutes in Please select course: Select a Course Category Product Management Digital Marketing PGDM Finance Data Science CXO healthcare Others Design Thinking Artificial Intelligence Leadership Data Analytics Data Science Degree others MCA Technology MBA Operations Management Public Policy Project Management Healthcare Management Cybersecurity Skills you'll gain: Product Strategy & Roadmapping User-Centric Product Design Agile Product Development Market Analysis & Product Launch Duration: 24 Weeks Indian School of Business Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Skills you'll gain: Product Strategy & Competitive Advantage Tactics Product Development Processes & Market Orientations Product Analytics & Data-Driven Decision Making Agile Development, Design Thinking, & Product Leadership Duration: 40 Weeks IIM Kozhikode Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Skills you'll gain: Creating Effective Product Roadmap User Research & Translating it to Product Design Key Metrics via Product Analytics Hand-On Projects Using Cutting Edge Tools Duration: 12 Weeks Indian School of Business ISB Product Management Starts on May 14, 2024 Get Details Raksha Bandhan 2025 Shubh Muhurat Raksha Bandhan Date : Saturday, 9th August 2025 by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gold Is Surging in 2025 — Smart Traders Are Already In IC Markets Learn More Undo Raksha Bandhan Muhurat: The best Muhurat to tie Rakhi to your brother is from 05:21 AM to 01:24 PM on 9th August 2025. Bhadra will begin on August 8 at 2:12 PM and will end on August 9 at 1:52 AM. Saubhagya Yog: Starts on Raksha Bandhan day and remains till 2:15 AM (10th August). Sarvarth Siddhi Yog: Active from 05:47 AM to 02:23 PM. Sharavan Nakshatra: Present till 02:23 PM. The festival also falls during Karan Bava and Balava—both considered good for auspicious rituals. Raksha Bandhan Tradition On Raksha Bandhan, sisters tie a sacred thread called Rakhi on their brothers' wrists, perform aarti, and apply tilak on their foreheads. They also offer prayers for their brothers' long life and well-being. In return, brothers give gifts and promise to protect their sisters. Though the customs may vary by region, the central ritual remains the same. In Nepal, for instance, Raksha Bandhan is observed as Janai Purnima, where men change their sacred threads, and sisters tie Rakhi to their brothers as part of the celebration. Live Events Raksha Bandhan Preparations Preparations for Raksha Bandhan begin weeks in advance. Sisters often select Rakhis that reflect their brothers' preferences—by colour, symbol or design—while brothers prepare gifts. The day is also marked by family get-togethers. Households make traditional sweets like laddoos and barfis, exchange stories, and sometimes organise indoor games or shared meals. For many, Raksha Bandhan is both a celebration of bonds and a renewal of family commitments. The essence of Raksha Bandhan lies in the expression of love, care, and responsibility. It is a cultural reminder of the emotional ties within families and the duties that come with them. The observance continues to evolve with time but retains its core significance—reinforcing the strength of sibling relationships across generations and geographies.
Time of India
16 hours ago
- Time of India
How much does Apple pay its employees in AI, software and other roles?
The AI race is heating up and top companies are striving to retain their top AI talent. In the past one month, four senior AI researchers haves switched to Meta from Apple, forcing the tech giant to increase compensation for engineers in its Apple Foundation Models (AFM) group, according to a Bloomberg reports. Apple is lagging behind in the AI race even after launching Apple Intelligence in 2024. Siri's major revamp remains delayed, and Apple's AI search ambitions are still in early development. Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy Others CXO Operations Management MCA Data Science Data Science Product Management Project Management Healthcare Design Thinking Management Leadership Degree Finance MBA Artificial Intelligence Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details However, the company is hiring across machine learning and AI roles and is offering lucrative pay packages and perks like stock grants, product discounts, and flexible working conditions. While Apple does not publicly disclose salaries, a report by Business Insider shared filings for international hires. The filings reveal that AI and engineering roles are among the best-paid. Here is a look at Apple's salary ranges across various roles (base pay only, excluding stock grants and bonuses): Live Events Salary Range (USD) Machine Learning Engineer $143,100 - $312,200 Machine Learning Researcher $114,100 - $312,200 Data Scientist $105,550 - $322,400 Software Development Engineer (Applications) $132,267 - $378,700 Human Interface Designer $135,400 - $468,500 Hardware Systems Engineer $125,495 - $378,700 AR/VR Software Development $129,805 - $312,200 Software Engineering Manager $166,691 - $378,700 RF/Analog/Mixed Signal Engineer $131,352 - $312,200 Design Verification Engineer $103,164 - $312,200 While Apple's salaries are competitive, Meta's poaching spree highlights a broader 'talent war' in AI, where giants are racing not just for products, but for people.
Time of India
17 hours ago
- Time of India
Dhruva Space to deploy two payloads using its home-built satellite platform
Space start-up Dhruva Space is set to launch its first commercial mission, LEAP-1, by deploying payloads for two Australia-based firms using its indigenously developed satellite platform. The Hyderabad-based start-up will launch payloads from Australia's Akula Tech and Esper satellites aboard its P-30 satellite platform on a SpaceX Falcon 9 rocket in Q3 of the current fiscal. AI payload Nexus-01 (Akula Tech) and hyperspectral imager OTR-2 (Esper) will fly on Dhruva's P-30 platform, which was successfully tested on ISRO's POEM-3 mission in January 2024. Explore courses from Top Institutes in Please select course: Select a Course Category Leadership Project Management Public Policy Data Science Healthcare Management others CXO healthcare Data Science Degree Product Management MBA Operations Management Cybersecurity Artificial Intelligence Others Data Analytics PGDM Digital Marketing Technology Design Thinking MCA Finance Skills you'll gain: Duration: 12 Weeks IIM Kozhikode CERT-IIMK EPIS Async India Starts on undefined Get Details Skills you'll gain: Duration: 22 Weeks Indian School of Business SEPO - ISB Venture Capital & Private Equity India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Indore Executive Programme in Business Management Starts on undefined Get Details Skills you'll gain: Strategic Thinking & Planning Competitive Advantage & Market Positioning Strategic Leadership & Decision-Making Change Management & Organizational Transformation Duration: 1 Year IIM Kozhikode IIMK Advanced Strategic Management Programme Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 18 Weeks 109820388 Strategic Marketing for Leaders: Leveraging AI for Growth Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK-Women Leadership Programme INDIA Starts on undefined Get Details Skills you'll gain: Financial Accounting & Analysis Financial Instruments & Markets Corporate Finance & Valuation Investment Management & Banking Duration: 12 Months IIM Kozhikode IIMK Professional Certificate in Financial Analysis and Financial Management Starts on Mar 30, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Senior Management Programme Starts on undefined Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode Advanced Strategic Management Programme Starts on undefined Get Details Skills you'll gain: Opportunities & Outlining Plans to use AI & ML Applying Data-Driven Business Innovation Best Practices Changing Culture to Integrate AI-Enabled Technologies Ethics, Privacy and Regulations in AI & ML Duration: 20 Weeks Indian School of Business ISB Leadership in AI Starts on May 14, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Kozhikode SEPO - IIMK CEO Programme India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML SLP India Starts on undefined Get Details Skills you'll gain: Critical Thinking & Decision-Making Skills Power of Emerging Technologies Innovation and Drive Organizational Change Fostering a Culture of Innovation Duration: 9 Months MIT xPRO MIT Technology Leadership and Innovation Starts on May 14, 2024 Get Details The LEAP-1 mission is officially slated to launch aboard SpaceX's Falcon 9 in Q3 2025, marking not just a significant Indo-Australian collaboration, but also growing support from the United States in Dhruva Space's global commercial journey, the company said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Do you have a mouse? Desert Order Undo "Following a successful qualification of the P-30 onboard ISRO's PSLV-C58, Dhruva Space is excited to take its indigenously developed P-30 satellite platform to the global market," said Sanjay Nekkanti, CEO and co-founder of Dhruva Space. Dhruva Space's hosted payload offering LEAP (Launching Expeditions for Aspiring Payloads) integrates Ground Station-as-a-Service (GSaaS) and its proprietary Integrated Space Operations and Command Suite (ISOCS) for real-time mission management and payload data downlinking. PTI
