Samsung Electronics signs $16.5 billion chip-supply contract; shares rise
In a significant move, Samsung Electronics has finalized a substantial $16.5 billion agreement to supply semiconductors, according to a regulatory filing released on Monday. Following this announcement, Samsung's shares saw an impressive rise of over 2% during early trading hours. While the details of the counterparty remain undisclosed, Samsung has yet to provide further comments regarding the contract. The tech giant is also gearing up to announce its earnings on Thursday, amidst expectations that its profits for the second quarter may drop by more than half. This decline is attributed to ongoing challenges in meeting the burgeoning demand for AI technologies, particularly in light of competition from rival SK Hynix. Stay tuned for further updates as this story develops.
Archer Aviation Sets Sights on 2028 Air Taxi Certification Amid Military Innovations
Archer Aviation's CEO, Adam Goldstein, has reaffirmed the company's commitment to achieving air taxi certification in ti...
CNBC | Jul 20, 2026, 16:55
Resignation Shakes Trump’s AI Oversight as New Leader Steps Down
Chris Fall, who took the helm of the Center for AI Standards and Innovation (CAISI) just three months ago, has officiall...
TechCrunch | Jul 20, 2026, 22:55
Legal Hurdles Impede Paramount's Ambitious Merger with Warner Bros.
Paramount Skydance's plans to acquire Warner Bros. Discovery have been stalled by a legal setback. A U.S. District Judge...
TechCrunch | Jul 20, 2026, 18:05
The Future of AI: Moving Beyond Token Concerns, Says OpenAI Chair
The conversation around AI tokens is evolving, and Bret Taylor, chairman of OpenAI, believes it won't be a major concern...
Business Insider | Jul 20, 2026, 16:35AI Safety Leadership Shakeup: Chris Fall Exits After Brief Tenure
In a surprising turn of events, Chris Fall, the top AI safety official within the Trump administration, has stepped down...
Business Insider | Jul 20, 2026, 20:05