TESLA-SAMSUNG $16.5 BILLION SUPPLY DEAL MAY SPUR CHIPMAKER'S US CONTRACT BUSINESS
- NEWS Desk Global
- Jul 28
- 1 min read
Tesla has signed a $16.5 billion deal to source chips from Samsung Electronics, a move that could bolster the South Korean tech giant's unprofitable contract business but is unlikely to help Tesla sell more EVs or roll out robotaxis more quickly.
Tesla CEO Elon Musk said late on Sunday that Samsung's new chip factory in Taylor, Texas would make Tesla's next-generation AI6 chip. This could re-energize Samsung's project, which has faced long delays because the company had trouble retaining and attracting major clients.
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