Tuesday, 31 March, 2026
Musk Confirms Tesla Signs $16.5 Billion Chip Supply Deal with Samsung Through 2033
By Isha
Tesla CEO Elon Musk confirmed that Samsung Electronics has signed a multiyear chip supply agreement worth approximately $16.5 billion, running through 2033. The deal will see Samsung’s upcoming Texas fab dedicated to manufacturing Tesla’s next-generation AI6 chips, with Tesla assisting to optimize production efficiency. The partnership comes as Samsung seeks to revive its underperforming foundry business and strengthen U.S.–South Korea semiconductor collaboration.
Read full story at Economic Times