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Samsung Electronics sign $16.5 billion chip supply deal with Tesla
short by Neeraja Nath / on 28 Jul 2025,Monday
Samsung Electronics has secured a $16.5 billion deal to produce semiconductors for Tesla. This comes as Samsung has been losing market share to TSMC, with its chip manufacturing share falling to 7.7% from 8.1% last quarter. Tesla CEO Elon Musk stated that Samsung's new Texas semiconductor plant will be dedicated to making Tesla's next-generation AI6 chip.
short by Neeraja Nath / 11:26 am on 28 Jul
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