The deal was first revealed in a South Korean regulatory filing on July 26, 2025. Although Samsung did not name the customer due to confidentiality agreements, Tesla...

Tesla has signed a $16.5 billion deal to source chips from Samsung Electronics, a move that could bolster the South Korean tech giant’s unprofitable contract business but is unlikely to help Tesla sell more EVs or roll out robotaxis more quickly.

: Musk: 'I will walk the line personally to accelerate the pace of progress'

SEOUL : Tesla CEO Elon Musk said the U.S. automaker had signed a $16.5 billion deal to source chips from Samsung Electronics, a move expected to bolster the South Korean tech giant's loss-making contract manufacturing business. Samsung shares rose more than 4 per cent after the news."Samsung's gian

Tesla is set to get its next generation of semiconductor chips from South Korean electronics giant Samsung in a new deal worth more than $16 billion over the next eight years.

Musk stated on X that the $16.5 billion number is just a bare minimum and that actual output is likely to be several times higher.

July 28 (UPI) -- Elon Musk announced Telsa signed a deal for $16.5 billion to obtain semiconductor chips from Samsung.

Tesla has signed a $16.5 billion deal to source chips from Samsung Electronics, a move that could bolster the South Korean tech giant's unprofitable contract business but is unlikely to help Tesla sell more EVs or roll out robotaxis more quickly. Tesla CEO Elon Musk said late on Sunday that Samsung's new chi

An anonymous reader quotes a report from CNBC: Samsung Electronics has entered into a $16.5 billion contract for supplying semiconductors to Tesla, based on a regulatory filing by the South Korean firm and Tesla CEO Elon Musk's posts on X. The memory chipmaker, which had not named the counterparty...

This long-term contract comes at a crucial time for Samsung. While the company is one of the world’s biggest makers of memory chips, its foundry business, which produces chips for other companies, has struggled to keep up with demand and competition.

Samsung Electronics said on Monday it has signed a $16.5 billion deal to supply chips for an unidentified major global company, sending its shares up 3.5%.

Samsung is to make chips for Tesla at its Taylor, Texas fab.

Elon Musk said Samsung Electronics will manufacture US electric vehicle maker's next-generation AI6 chip at its semiconductor plant in Texas.

SEOUL : Samsung Electronics said on Monday it has signed a $16.5 billion deal to supply chips for an unidentified major global company, sending its shares up 3.5 per cent. The South Korean tech giant said the deal signed on Saturday was for contract chip manufacturing and details of the agreement includin

In a regulatory filing in South Korea, Samsung announced it has secured a $16.5 billion multi-year deal to make chips for a “big global company.”