Summary
Tesla's CEO Elon Musk announced that Tesla has made a deal with Samsung Electronics to get semiconductor chips. Samsung previously announced a $16.5 billion supply agreement but did not name Tesla as the company involved.
Key Facts
- Elon Musk confirmed Tesla's agreement with Samsung for semiconductor chips.
- Samsung announced a $16.5 billion supply agreement without naming Tesla initially.
- Samsung will use its factory in Texas to produce chips for Tesla's next-generation AI technology.
- Currently, Samsung manufactures the AI4 chip, while TSMC produces the AI5 chip.
- Samsung agreed to let Tesla help improve manufacturing efficiency at their facility.
- Elon Musk plans to personally oversee progress at the new Texas factory.
- Samsung did not respond to a request for comment regarding the deal.
