Samsung has agreed a $16.5bn (£12.3bn) deal to manufacture artificial intelligence chips for Tesla, in a move hailed by Elon Musk on Monday.
The South Korean tech company announced the contract with an unnamed client in a regulatory filing, with Tesla’s chief executive giving further details on his social media platform, X.
Musk wrote that Samsung would produce Tesla’s next-generation A16 chips at a new plant in Texas.
“The strategic importance of this is hard to overstate,” he wrote.
In December, the Biden administration announced $4.75bn in…
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