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Samsung Foundry Signs $16.5 Billion Deal With Tesla To Make AI Chips

Samsung Foundry Signs $16.5 Billion Deal With Tesla To Make AI Chips

The Tesla deal gives a much-needed boost to Samsung’s loss-making contract chipmaking business. Joan Cros/NurPhoto via Getty Images Samsung Electronics, controlled by South Korean billionaire Jay Y. Lee, has signed a 22.8 trillion won ($16.5 billion) multiyear deal with Tesla to manufacture AI chips for the U.S. electric vehicles-to-AI giant. Elon Musk, Tesla’s billionaire CEO,…