Musk announces Tesla deal for Taylor-made Samsung chips Contract valued at $16.5 bilion
Tesla CEO Elon Musk announced Sunday that Samsung Electronics Co. Ltd.’s semiconductor foundry in Taylor will make advanced chips for updated Tesla models after the plant opens in late 2026.
The deal is valued at about $16.5 billion through 2033, Musk wrote on X, the Bastrop County-based social media platform that he owns along with Space X, The Boring Co. and Austin-based Tesla, which manufactures electronic vehicles.
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