US EditionSamsung Electronics Shares Fall 1pct After Rallying on Tesla Deal
- Tesla CEO Elon Musk confirmed a $16.5 billion chip supply deal with Samsung Electronics to produce Tesla's next-generation AI6 chips at a new facility in Taylor, Texas, which will assist in Samsung's manufacturing efficiency.
- Samsung's deal with Tesla is crucial as it faces losses of over $3.6 billion in its foundry unit this year, and analysts estimate that Samsung's foundry business faced over $3.63 billion in losses in the first half of 2025.
- After the deal announcement, Samsung shares rose nearly 7%, hitting their highest level since September 2023, while earlier they had fallen 1% after the rally.
- The partnership is strategically important for South Korea, which seeks U.S. partnerships in the chip industry as part of broader trade negotiations.
16 Articles
16 Articles
Samsung-Tesla US$16.5 billion chip pact ignites Texas fab push; Musk hints at expansion
Samsung Electronics will produce 2nm chips for Tesla, targeting use in the automaker's supercomputers, autonomous vehicles, and humanoid robots. The chips will be manufactured at Samsung's Taylor, Texas facility under an eight-year contract valued at KRW22.7 trillion (US$16.5 billion). The deal is accelerating construction at the site, with Samsung now aiming to complete investment by the end of 2025, ahead of its original 2026 schedule.
Samsung Electronics shares fall 1pct after rallying on Tesla deal
SEOUL: Shares in Samsung Electronics fell 1 per cent on Tuesday after the South Korean technology company staged a powerful rally in the previous session on news of a US$16.5 billion deal to supply chips to Tesla. © New Straits Times Press (M) Bhd
Musk Bags $16.5B Chip Deal With Samsung
Tesla CEO Elon Musk confirmed a $16.5 billion chip supply deal with Samsung Electronics, marking a major boost for the South Korean tech giant’s struggling contract manufacturing business. Samsung will produce Tesla’s next-generation AI6 chips at its new facility in Taylor, Texas. “Samsung agreed to allow Tesla to assist in maximizing manufacturing efficiency,” Musk posted on X, adding, “I will walk the line personally to accelerate the pace of …
Samsung Lands $16.5B Tesla Deal to Power AI Chip Future in Texas
After months of uncertainty and a sluggish start to its $17 billion semiconductor plant in Taylor, Texas, Samsung finally locked in a heavyweight partner: Tesla. The electric vehicle and clean… The post Samsung Lands $16.5B Tesla Deal to Power AI Chip Future in Texas appeared first on stupidDOPE
Tesla Strikes $16.5 Billion Deal with Samsung to Manufacture AI6 Chips
Tesla has finalized a long-term agreement with Samsung Electronics worth approximately $16.5 billion, under which Samsung will produce Tesla’s next-generation AI6 chips at its Taylor, Texas fabrication plant.The contract extends through 2033 and will support Tesla’s self-driving software, humanoid robot Optimus, and Dojo AI supercomputing infrastructure. Elon Musk confirmed Tesla as the unnamed customer in a Samsung securities filing and emphasi…
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