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Samsung Electro-Mechanics secures USD 2.8 billion in advance payments from NVIDIA, Tesla

Samsung Electro-Mechanics has secured advance payments of KRW 3.7 trillion (USD 2.8 billion) from NVIDIA and Tesla to expand its ABF substrate production capacity, according to Korean media reports on October 22. The payments will ensure that each company receives priority for the supply of semiconductor substrates i....

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