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Tesla and Samsung Seal $16.5B AI6 Chip Deal in Texas
- Elon Musk revealed that Tesla has agreed to a $16.5 billion contract with Samsung to obtain semiconductor chips manufactured at a new facility in Texas.
- The deal follows Samsung's unnamed supply agreement announced Saturday, with confidentiality requested to protect trade secrets through 2033.
- Samsung's new facility in Taylor, Texas, planned to begin operations in 2026, will manufacture Tesla's upcoming AI6 chip, with Tesla playing a key role in enhancing the production process.
- Musk emphasized the critical significance of the matter and indicated that the $16.5 billion figure represents a minimum investment, with the actual amount expected to be much higher.
- The deal may bolster Samsung's struggling contract chip business as its shares surged nearly 7% amid pressure from rivals like TSMC and projections of profit declines.
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The CEO of the company explained that the Korean company will be responsible for manufacturing the AI6 chip at its Taylor, Texas plant.
·Buenos Aires, Argentina
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Elon Musk is going founder mode on Tesla's $16.5 billion chip deal with Samsung
After Tesla signed a semiconductor deal with Samsung, Elon Musk wrote that he would "walk the line personally to accelerate the pace of progress."Marc Piasecki/Getty ImagesElon Musk wrote that he would "walk the line personally" of Samsung's Texas chipmaking plant that will make Tesla chips.Samsung's chip plant is only miles away in Taylor, which Musk wrote was "convenient."Musk has previously employed a hands-on, "founder mode" approach to runn…
·United States
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Total News Sources159
Leaning Left17Leaning Right19Center28Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 27%
C 44%
R 30%
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