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South Korean AI chip startup Rebellions raised money from tech giant Samsung as part of a funding round that could be up to $200 million. Rebellions is aiming to go public at some point after the current funding round is closed, its CFO told CNBC.
Samsung Electronics (KRX:005930) has signed a $16.5 billion agreement to manufacture artificial intelligence chips for Tesla Inc (NASDAQ:TSLA), with production set to take place at the Korean giant's new facility in Taylor, Texas. The deal, confirmed by Elon Musk on his social media platform, is for Tesla's next-generation AI6 chips and runs until the end of 2033.
The chairman of South Korea's Samsung Electronics Jay Y. Lee departed on Tuesday to Washington for a business trip, a company spokesperson said, a day after unveiling a $16.5 billion deal to supply chips made in Texas to Tesla.
Shares in Samsung Electronics fell 1% on Tuesday after the South Korean technology company staged a powerful rally in the previous session on news of a $16.5 billion deal to supply chips to Tesla.
Simplify Asset Management Portfolio Manager Michael Green discusses how investors are preparing for a busy week of tech earnings, as Microsoft, Meta, Apple, and Amazon are set to release quarterly results. Green speaks with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.”
Samsung will produce AI semiconductors for Tesla, in a $16.5 billion pact that marks a win for its underperforming foundry division. Bloomberg's Peter Elstrom discusses changes in the chip market with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.
Jed Dorsheimer, William Blair analyst, joins 'The Exchange' to discuss Tesla's chip deal with Samsung and what it means for the stock.
CNBC's Kristina Partsinevelos joins 'The Exchange' to discuss Tesla and Samsung's new partnership.
Elon Musk wrote that he would "walk the line personally" of Samsung's Texas chipmaking plant that will make Tesla chips. Samsung's chip plant is only miles away in Taylor, which Musk wrote was "convenient.
Elon Musk confirmed that Tesla has signed a $16.5 billion chip contract with Samsung Electronics. Samsung, which is set to deliver earnings on Thursday, expects its second-quarter profit to more than halve.