Samsung Electronics said a trade deal between South Korea and Washington will help to alleviate business uncertainty, as the technology giant forecast more major chip orders after signing a $16.5 billion deal with Elon Musk's Tesla .

Samsung Electronics (SSNLF) on Thursday said that a trade agreement with the U.S., which imposes 15% tariffs on imports from South Korea, helps reduce uncertainty.

South Korea's Samsung Electronics signed a $16.5 billion, eight-year contract to supply semiconductors to a global company, which Elon Musk said was Tesla.,