Mask, executive director of electric vehicle manufacturers Tesla, announced that it has signed a US$16.5 billion (about NT$48.8 billion) agreement to purchase chips from Samsung Electronics, South Korea. This will help boost Samsung's OEM business.
Reuters reported that after the news was exposed, Samsung Electronics' stock price should rise by more than 4%.
Elon Musk posted a message on its social platform X today: "Samsung Electronics' new giant wafer factory in Texas, the United States will specialize in producing Tesla's next-generation AI6 chips. The strategic importance of this plan cannot be underestimated."
Samsung agreed to allow Tesla to assist in maximizing manufacturing efficiency.
This is a critical point, as I will walk the line personally to accelerate the pace of progress. And the fab is conveniently located not far from my house 😃
— Elon Musk (@elonmusk) July 28, 2025
Josker refers to Samsung's Taylor factory project, and this transaction may help restart the project. Since Samsung has difficulty retaining or attracting customers, the construction plan has been delayed again and again.
Mask said: "Samsung agreed to let Tesla provide assistance to maximize production efficiency. This is a key moment, and I will participate in it to accelerate progress. And the Samsung factory is not far from my residence, so it is very convenient."
Samsung revealed that it had signed a chip supply agreement worth $16.5 billion, but did not disclose the object of the agreement. Samsung earlier said that customers requested confidentiality details and the agreement will be implemented until the end of 2033. Three sources said that Tesla was the client of this transaction.
Extended reading: Samsung received a USD 1.65 billion crystal OEM order, and the customer may be Tesla