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Samsung, Tesla sign $16.5 bn AI chip deal
Business Standard
|July 29, 2025
S Korean major's Texas chip plant will make AI6 chip, potentially reviving delayed project amid client retention struggles
Tesla CEO Elon Musk said the US automaker had signed a $16.5 billion deal to source chips from Samsung Electronics, a move expected to bolster the South Korean tech giant's loss-making contract manufacturing business.
Samsung's shares jumped as much as 6.8 per cent to their highest since September last year after news of the deal. Tesla shares were up 1.9 per cent in US premarket trading.
Musk said Samsung's new chip factory in Taylor, Texas will make Tesla's next-generation AI6 chip, potentially re-energising the project that has faced long delays amid Samsung's difficulties in retaining and attracting major clients.
This story is from the July 29, 2025 edition of Business Standard.
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