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Samsung makes massive Tesla deal

Samsung stock rises on Tesla partnership after $16.5 billion AI chip deal

The agreement could bolster the company's unprofitable contract manufacturing business, but Samsung faces challenges securing other large customers.

Insider Monkey on MSN · 22h

Tesla (TSLA) Signs $16.5B AI Chip Deal With Samsung—Musk Calls It “Hard to Overstate”

Tesla, Inc. (NASDAQ:TSLA) is one of the AI Stocks in the Spotlight Today. On July 28, Tesla announced that it had signed a $16.5 billion deal to source chips from Samsung Electronics. While the move may boost Samsung’s unprofitable contract business,

Barron's on MSN · 3d

Samsung Stock Surges. Why It Needed the Tesla AI Chip Deal So Much.

Tesla is the first big customer to publicly announce using Samsung Electronics’ new Texas chipmaking factory, and it is an important vote of confidence for the troubled manufacturer. Tesla CEO Elon Musk took to his X platform late Sunday evening to announce two new generations of advanced chips.

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Samsung profit tumbles as chip arm face challenges

Samsung Electronics Co's chip unit has plunged a far bigger-than-expected 94% in the June quarter, reflecting the depth of a slump that's plaguing the world's largest memory chipmaker.

10h

Samsung chip arm logs big profit miss in sign of widening crisis

Profit fell after Samsung’s foundry arm booked a one-time inventory cost as export controls led to unsold AI chips.

2don MSN

Samsung secures 16.5 billion dollar contract to manufacture Tesla next generation AI chips

Samsung aims to begin mass production at its Texas facility in the second half of 2026. The announcement boosted Samsung’s ...

The Business Times4d

Samsung reasserts clout as top South Korean stock on AI catch-up hopes

HONG KONG] Samsung Electronics has at least briefly reassumed its place as South Korea’s most important stock, as investors ...

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