While officially unnamed, sources confirm Tesla is the recipient of Samsung’s semiconductor services.
The deal spans 2025 to 2033, valued at 22.8 trillion won ($16.5 billion), and focuses on advanced chip fabrication.
Strategic Impact:
Boosts Samsung’s struggling foundry division, which has lagged behind TSMC in market share (Samsung: 7.7%, TSMC: 67.6%).
Signals confidence in Samsung’s 2-nanometer chip technology, a key frontier for EVs and AI.
Samsung’s shares jumped 3.5%, marking their biggest intraday gain in nearly a month.
Confidentiality Clause:
Samsung’s regulatory filing notes that full contract details will remain undisclosed until end of 2033, citing trade secret protections.
(source economic times)
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