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Samsung signs shared-growth deal with suppliers to extend support across supply chain

Samsung Group has expanded its support system for partner companies across its supply chain. Eleven affiliates including Samsung Electronics signed an agreement on June 29 at Samsung Electronics\' Suwon campus with first- to third-tier partner companies to build a shared-growth ecosystem. About 6,700 partner companies in Samsung\'s supply chain are expected to benefit. The deal covers funding, technology and staffing, and includes support for second- and third-tier suppliers and an industrial accident fund plan.