Samsung Secures $16.5B Deal to Make AI Chips for Tesla
Main Idea
Samsung Electronics has secured a $16.5 billion deal with Tesla to produce advanced AI chips through 2033, aiming to revive its struggling foundry business.
Key Points
1. Samsung Electronics signed a $16.5 billion deal with Tesla to produce advanced AI6 chips.
2. The chips will be manufactured at Samsung’s new plant in Taylor, Texas.
3. The partnership aims to revive Samsung’s struggling foundry business, which has faced heavy losses recently.
4. Tesla CEO Elon Musk will personally oversee production improvements.
Description
The post Samsung Secures $16.5B Deal to Make AI Chips for Tesla appeared first on Coinpedia Fintech News Samsung Electronics has signed a $16.5 billion deal with Tesla to produce advanced AI chips through 2033. These next-generation AI6 chips will be manufactured at Samsung’s new plant in Taylor, Texas. The partnership aims to revive Samsung’s struggling foundry business, which has faced heavy losses recently. Tesla CEO Elon Musk will personally oversee production improvements. This deal strengt...
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