Samsung signs $16.5 bn Tesla chip deal, Elon Musk confirms Texas fab will make AI6 chips

Samsung Electronics secured a significant multibillion-dollar chip supply agreement with Tesla, aiming to revitalize its foundry business, which has been facing substantial losses. The deal, confirmed by Elon Musk, extends through 2033 and is expected to mitigate operating losses exceeding $3.63 billion in the first half of 2025. This partnership arrives as South Korea strengthens tech ties with the U.S.