New Delhi, July 28 -- Samsung Electronics & Co., a prominent South Korean chipmaker, has signed a deal worth USD16.5 billion with Tesla Inc. This major agreement raised a wave of hope and momentum for Samsung's lagging chip foundry business. Reportedly, the agreement will be viable until 2033.
Initially, the news came out through the regulatory filing by Samsung, which was discovered, but after some hours, CEO Elon Musk posted on the social media platform X, " Samsung agreed to allow Tesla to coordinate in driving the manufacturing efficiency, citing it as a critical point."
Musk also stated that Samsung's new Texas fab will be dedicated to the generation of Tesla's next-gen A16 chips. Mush also stressed the great strategic importance of...