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Tesla signs $16.5 billion chip deal with Samsung
Financial Express Kolkata
|July 29, 2025
Move Likely To Bolster Samsung Biz
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 shares soared nearly 7% after news of the deal on Monday, which comes as the world's top memory chip maker faces mounting pressure in the race to produce artificial intelligence chips, where it trails rivals such as TSMC and SK Hynix.
Cette histoire est tirée de l'édition July 29, 2025 de Financial Express Kolkata.
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