Landmark agreement to produce Tesla’s next-gen AI chips in Texas could revive Samsung’s struggling foundry business and reshape the global semiconductor race In a high-profile move poised to reshape the semiconductor industry, Tesla CEO Elon Musk announced a $16.5 billion deal with South Korea’s Samsung Electronics to supply next-generation AI chips for Tesla’s future vehicles. The chips will be produced at Samsung’s advanced but underutilized fabrication plant in Taylor, Texas. The strategic agreement is a major lifeline for Samsung’s struggling contract manufacturing (foundry) business, which has been reeling from a lack of clients and significant financial losses. Samsung’s shares surged … Continue reading Elon Musk Confirms $16.5 Billion Chip Deal Between Tesla and Samsung to Power Future AI Tech