Samsung Electronics Co.’s semiconductor division reported profit that fell far short of expectations, reflecting a deepening crisis at the world’s largest memory chipmaker.

LG Energy already supplies batteries to Tesla and General MotorsGM. Tesla's decision to contract with LG Energy for LFP batteries comes just days afte

S amsung Electronics has landed a major contract worth $16.5 billion to manufacture semiconductor chips for an unnamed global company, according to a regulatory filing made in South Korea. The multi-year agreement represents one of the largest chip manufacturing deals in recent history.