Samsung has secured a $16.5 billion multiyear contract to produce AI semiconductors for Tesla, running through 2033.
Chips will be manufactured at Samsung’s upcoming Taylor, Texas plant, powering Tesla’s next-gen AI6 chip.
Market Impact:
Samsung’s shares surged 6.8%, hitting their highest since September.
Suppliers like Soulbrain jumped up to 16%, signaling broader investor confidence.
This partnership gives Samsung a much-needed win after losing ground to TSMC, and amid ongoing chip division losses.
Musk’s Role:
Elon Musk confirmed the deal and said he’ll personally assist in optimizing production. Meanwhile, Tesla’s engineering VP Lars Moravy is rallying support amid declining EV sales.
(source Bloomberg)
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