Seoul, Aug. 7 -- Shares of Samsung Electronics rose sharply in early trading Thursday following reports that the tech giant will manufacture Apple's next-generation chips at its US-based foundry plant, as per Pulse Korea.

As of 9:15am, Samsung was trading at 70,000 won (USD 50.45) on the Korea Exchange, up 1.74 per cent from the previous session, reclaiming the symbolic "70,000 club" status.

Investor sentiment was buoyed by news that Apple is strengthening its collaboration with Samsung and other partners as part of a broader investment expansion in the United States. Market watchers also suggested that Samsung could be a key beneficiary of US tariffs on semiconductor imports proposed by US President Donald Trump.

During an Apple inves...