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Samsung to Make AI Chips for Tesla in US

Mint New Delhi

|

July 29, 2025

$16.5 bn deal a win for Korean co's underperforming foundry division

- Bloomberg

Samsung Electronics Co. will produce AI (artificial intelligence) semiconductors for Tesla Inc. in a new $16.5 billion pact that marks a win for its underperforming foundry division.

South Korea's largest company announced on Monday that it secured the 22.8 trillion won chipmaking agreement, which will run through the end of 2033. The plan is for an upcoming plant in Taylor, Texas, to produce Tesla's next-generation A16 chip, Tesla chief Elon Musk said on X, confirming a Bloomberg news report.

Mint New Delhi'den DAHA FAZLA HİKAYE

Mint New Delhi

FPIs pull $2.7 bn off Indian stocks in Sep

Foreign portfolio investors (FPIs) withdrew $2.7 billion from Indian equities in September, extending their selling streak for a third straight month and putting 2025 on course for record foreign withdrawals, data from the National Securities Depository showed.

time to read

1 min

October 02, 2025

Mint New Delhi

RBI keeps options on Tata Sons listing

in debt around the same time. The RBI has yet to formally grant an exemption or extension.

time to read

1 min

October 02, 2025

Mint New Delhi

RBI did well to preserve its rate policy firepower

Subdued inflation didn't make India's central bank budge on its policy rate. Its expectation of firmer growth partly explains this. A monetary stimulus is best used when it's most needed

time to read

2 mins

October 02, 2025

Mint New Delhi

Mint New Delhi

Hamas indicates it is open to Trump Peace Plan as it faces pressure from Muslim nations

Hamas has indicated it is open to accepting President Trump’s peace plan for Gaza but is asking for more time to review its conditions, Arab mediators said, as the militant group faces intensifying pressure from Muslim governments to agree to the Israel-backed proposal to end the devastating war.

time to read

4 mins

October 02, 2025

Mint New Delhi

Mint New Delhi

Top firms tick boxes, but lag on diversity, independence

India’s top 100 listed companies have shown progress in corporate governance practices, but persistent gaps remain in board meeting attendance, diversity, and leadership independence.

time to read

2 mins

October 02, 2025

Mint New Delhi

Infra.Mkt seeks Sebi consent for ₹5,500-cr public offer

iger Global-backed construction material supply firm Infra.Market has filed for an initial public offering (IPO) worth between ₹4,500 crore and %5,500 crore with market regulator Sebi using the confidential pre: ingroute, market sourcessaid on Wednesday.

time to read

1 min

October 02, 2025

Mint New Delhi

Capgemini India CEO to retire in Jan

Capgemini on Wednesday announced a leadership transition in India operations, with Ashwin Yardi set to retire as chief executive officer after seven years and assume the role of non-executive Chairman of the board, effective 1 January, 2026. Sanjay Chalke, currently chief operating officer (COO) for Capgemini in India, will succeed Yardi as the CEO and join the group executive committee on the same date, the company said in a statement.

time to read

1 min

October 02, 2025

Mint New Delhi

RBI eyes more trade settlements in rupee

To strengthen the rupee’s global footprint, the Reserve Bank of India (RBI) on Wednesday rolled out measures to facilitate trade and investment in the Indian currency.

time to read

1 min

October 02, 2025

Mint New Delhi

Mint New Delhi

Centre eyes fix where fraud probes clash with insolvency

The government is keen to iron out the conflicts between the two statutes—PMLA and IBC

time to read

2 mins

October 02, 2025

Mint New Delhi

Mint New Delhi

Nike’s turnaround lifts stock

Nike Inc.’s turnaround efforts are starting to pay off as the world’s largest sportswear company realigns the business around sports such as running and basketball.

time to read

1 mins

October 02, 2025

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