Tuesday, 31 March, 2026
Samsung Secures $16.5 Billion Chip Supply Deal with Tesla, Strengthening Struggling Foundry Business
By Isha
Samsung Electronics has inked a $16.5 billion contract with Tesla to supply semiconductors through 2033, significantly enhancing its loss-making foundry business. The deal—publicly announced July 26—boosted Samsung’s share price by 3.5% and involves manufacturing Tesla’s next‑generation AI6 chips at its Texas fab, per Elon Musk. While details remain confidential until 2033, analysts believe the agreement excludes Samsung’s cutting-edge 2 nm tech due to current yield challenges.
Read full story at Economic Times