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 .

Tesla is set to get its next generation of semiconductor chips from South Korean electronics giant Samsung in a new deal worth more than $16 billion over the next eight years.

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.