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Technology Stocks : Tesla EVs - TSLA

TSLA 430.17

+0.8%

Nov 28 9:30 AM EST

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From: Selectric II	7/28/2025 5:14:55 AM
	of 26733

Samsung lands $16.5 billion Tesla chip deal to power next-gen AI, Elon Musk confirms Elon Musk confirms Tesla’s partnership with Samsung, says Texas fab will focus on AI chip production. Updated: Jul 28, 2025 02:40 AM EST Samsung Electronics has confirmed a massive $16.5 billion semiconductor supply agreement with Tesla. The news became public through a regulatory filing by Samsung and was later verified by Elon Musk on his social media platform X. The agreement officially started on July 26, 2024, and will run until December 31, 2033, according to Samsung’s filing. While the document initially did not name Tesla as the buyer, Musk later confirmed the company’s involvement. He also revealed key details about the project, including a major role for Samsung’s semiconductor facility in Texas.... (cont'd) interestingengineering.com

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