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.
