Musk Announces Deal With Samsung For Tesla AI Chips Made In Texas—Touts ‘Strategic Importance'
1. Samsung to manufacture Tesla's next-gen AI chip under a $16.5 billion deal. 2. The contract will extend until 2033 and boost Samsung's semiconductor division. 3. Tesla aims for efficiency in production with Samsung’s new Texas plant. 4. Currently, Samsung produces Tesla's AI4 chip, while AI5 will be with TSMC. 5. Market reacted positively with Samsung's shares surging post-announcement.