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What deal did Samsung and Tesla make?

Asked 7 hours ago

Answer

Samsung and Tesla signed a $16.5 billion contract for Samsung to supply semiconductors to Tesla, with production likely at a new Samsung facility in Texas. The deal boosts Samsung's chip business and may influence US-South Korea trade talks.

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Reuters

Samsung shares jump on news of $16.5 bln Tesla chips deal

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Reuters
Reuters
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  • Samsung shares rose about 6% after news of a $16.5 billion chip deal with Tesla.
  • Tesla's contract is expected to boost Samsung's struggling chip-making business. 15s
  • A new Samsung facility in the US will be dedicated to chip production for Tesla. 25s
  • Samsung has recently fallen behind competitors SK Hynix and TSMC in AI chips. 54s
  • The deal may support South Korea's efforts in trade talks with the US. 1m 12s
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References

Samsung shares jump on news of $16.5 bln Tesla chips deal
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Reuters
12 hours ago
Samsung shares jump on news of $16.5 bln Tesla chips deal

Elon Musk says Tesla has signed a $16.5 billion contract with Samsung for the supply of semiconductors.

Samsung shares jump on news of $16.5 bln Tesla chips deal
Icon
Reuters
12 hours ago
Samsung shares jump on news of $16.5 bln Tesla chips deal

A new Samsung facility in the US, possibly in Taylor, Texas, will be dedicated to producing chips for Tesla.

Samsung shares jump on news of $16.5 bln Tesla chips deal
Icon
Reuters
12 hours ago
Samsung shares jump on news of $16.5 bln Tesla chips deal

Analysts say the deal could also help South Korea in its trade negotiations with the US.

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