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Tesla Just Signed a $16.5 Billion Chip Deal

Reuters on MSN · 4h

Musk's Tesla signs $16.5 billion chip supply deal with Samsung

SEOUL, July 28 (Reuters) - Tesla (TSLA.O) CEO Elon Musk said the U.S. automaker had signed a $16.5 billion deal to source chips from Samsung Electronics (005930.KS), a move expected to bolster the South Korean tech giant's loss-making contract manufacturing business.

CNBC on MSN · 8h

Elon Musk confirms Tesla has signed a $16.5 billion chip contract with Samsung Electronics

Samsung Electronics shares opened 3.5% higher after the company disclosed the contract to supply semiconductors to a major global corporation.

Can Tesla Help Samsung Recover From Losses? Elon Musk Announces $16.5 Billion Deal For 'Next-Generation' Chips

Tesla CEO Elon Musk has announced a $16.5 billion agreement to procure chips from Samsung Electronics. This action is anticipated to strengthen the South Korean technology heavyweight's contract manufacturing business, which has been operating at a loss. Following the news, there was a surge of over 4 per cent in Samsung's shares.

Korea JoongAng Daily on MSN4h

SK hynix dethrones Samsung as most desirable place to work

Samsung Electronics is no longer the most desirable workplace for Korean university students — the crown has been passed to ...

The Chosun Ilbo on MSN6h

SK hynix overtakes Samsung as students’ top preferred employer

For the first time, SK hynix topped the list of “most desired employers among university students” this year, pushing Samsung ...

Samsung delays HBM4 rollout to 2026 due to yield challenges, all while SK Hynix strengthens lead in AI memory

Samsung Electronics is reportedly pushing back the mass production of its next-gen high-bandwidth memory (HBM) chips to 2026, ...

1d

SK hynix confirms 3GB GDDR7 modules, paving way for RTX 50 Super VRAM boost

SK hynix has confirmed plans to develop GDDR7 memory modules with a maximum capacity of 24Gb (3GB), an upgrade from the ...

SK hynix says it's working on 3GB GDDR7 modules, just in time for GeForce RTX 50 SUPER cards

SK hynix confirms it's working on 3GB GDDR7 memory modules, perfect timing for NVIDIA to unveil GeForce RTX 50 SUPER series ...

4don MSN

Nvidia supplier SK Hynix second-quarter profit and revenue hit record highs, topping estimates

Revenue rose about 35% in the June quarter compared with the same period a year earlier, while operating profit rose 68%, ...

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