Samsung Secures $16.5 Billion Chip Deal to Fuel Tesla’s Future: Repor

Samsung Electronics has signed a $16.5 billion chipmaking deal with Tesla, according to Bloomberg. The agreement, running through 2033, significantly strengthens Samsung’s foundry business, which has faced challenges competing with industry leader TSMC. While Samsung didn't officially name Tesla, sources confirmed the partnership. The news boosted Samsung’s stock by 3.5% in Seoul. The deal marks a major win for Samsung, whose foundry market share had dropped to 7.7%. Tesla is expected to use Samsung's chips for advanced features in electric vehicles, including self-driving and battery management, indicating a deeper collaboration in next-gen semiconductor technologies.