Tesla and Samsung sign a $16.5 billion deal...

Tesla has signed a $16.5 billion chip manufacturing deal with Samsung Electronics, marking a record-breaking agreement for both companies. Elon Musk confirmed that Samsung’s Texas-based foundry will produce Tesla’s next-generation AI6 chips, designed for self-driving vehicles, humanoid robots, and AI model training. Musk emphasized Tesla’s direct involvement in improving production efficiency, even promising to oversee the process personally. The deal is a major win for Samsung, which has faced recent losses to competitors like TSMC, and signals Tesla’s deepening push into advanced AI and autonomous technologies.

Monday, 28 July, 2025