Samsung foundry wins $16.5 bil. chip order from Tesla

Samsung Electronics clinched a semiconductor foundry contract worth $16.54 billion (22.76 trillion won) from Tesla, providing timely relief to its struggling chip contract manufacturing business. In a regulatory filing Monday, the company said it signed the contract for a manufacturing and supply deal with “a global tech company.” The contract started on July 24 and will conclude on Dec. 31, 2033. The $16.54 billion contract is equivalent to 7.6 percent of Samsung Electronics’ 2024 sales of 300.9 trillion won. Citing a confidentiality agreement, the company did not disclose the identity of the client or the specifics of the deal, but Tesla CEO Elon Musk confirmed that Samsung will fabricate Tesla’s AI6 chip for its full self-driving (FSD) system. “Samsung’s giant new Texas fab will be dedicated to making Tesla’s next-generation AI6 chip,” Musk wrote on X, formerly Twitter. “The strategic importance of this is hard to overstate.” Musk explained that Samsung currently makes AI4, which has been powering Tesla’s Hardware 4 FSD system since 2023, and TSMC will manufactureWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times