Samsung lands $16.5 billion chip contract with Tesla
What just happened? Samsung Electronics has landed a landmark $16.5 billion deal to manufacture semiconductor chips for Tesla, a move that could reshape the competitive landscape in advanced chipmaking and help revive Samsung's struggling foundry division. The multi-year contract, representing 7.6 percent of the company's projected 2024 revenue, will run through the end of 2033. The deal was first revealed in a South Korean regulatory filing on July 26, 2025. Although Samsung did not name the c