Samsung lands $16.5B Tesla chip deal, sparking investor optimism
Samsung Electronics has secured a major $16.5 billion contract to supply advanced chips for Tesla’s next-generation self-driving vehicles. The deal marks a significant comeback for Samsung’s semiconductor foundry division, which has struggled in recent years against TSMC. Investors responded positively, with shares of Samsung and Tesla both gaining following the announcement. The chips are expected to power Tesla’s full self-driving (FSD) systems, reflecting growing collaboration between the automotive and semiconductor industries.
This deal signals a renewed competitive push from Samsung in the AI and automotive chip market, with long-term implications for global semiconductor dynamics.
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