00:00Samsung Electronics has secured a landmark $16.5 billion agreement to manufacture Tesla's
00:06next-generation A16 chips over an eight-to-nine-year period through the end of 2033.
00:13Production will take place at Samsung's new Taylor, Texas factory, marking a major boost
00:19for its foundry business, which has been underperforming amidst fierce competition.
00:24Tesla CEO Elon Musk confirmed the deal on X, noting that Tesla will collaborate closely
00:29with Samsung, including Musk walking the line personally to improve manufacturing efficiency,
00:36and hinted that actual output could exceed the stated contract value.
00:41Following the announcement, Samsung's stock price jumped roughly 6-7% as analysts viewed
00:47the deal as a pivotal step forward.
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