Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Ananya Gairola

Elon Musk Confirms Tesla As the Mystery Big-Tech That Signed $16.5 Billion Chip Contract With Samsung: 'I Will Walk The Line Personally' To Boost Progress (UPDATED)

Ho,Chi,Minh,City,,Vietnam,-,June,4,,2023:,White

Editor’s Note: This story has been updated to include the latest developments

Elon Musk-led Tesla Inc. (NASDAQ:TSLA) has confirmed signing a massive $16.5 billion chip manufacturing deal with Samsung Electronics (OTC:SSNLF), marking a major win for the South Korean giant's foundry business as it fights for dominance in the booming AI chip market against rivals like Taiwan Semiconductor Manufacturing Co. (NYSE:TSM).

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.