Samsung boosts Investors confidence after Tesla deal

Samsung develops its own memory chips and semiconductor materials for clients. The company struggled to fill market demand from customers like Apple Inc., which eventually left, rendering its high-bandwidth memory (HBM) off the market. On Monday, Samsung Electronics announced a $16.5 billion deal with Tesla to supply semiconductor chips for the EV maker. The agreement has reignited new hopes among investors. It comes just a year after Jun Young-hyun, who was brought in as the head of the semiconductor business in hopes of restoring the company’s technological edge. Samsung’s stock, SSNLF, has jumped approximately 10% since Monday’s announcement to a high of KRW ₩73700.00. The South Korean semiconductor company’s July gains are over 20%, recording its best month in a long time. Do you think that America investors run the world ?