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flag Tesla and Samsung agree $16.5B chip deal, boosting AI tech and Samsung's foundry business.

flag Tesla and Samsung Electronics have entered a $16.5 billion chip supply agreement, a deal aimed at supporting Tesla's next wave of AI chips while providing a lifeline to Samsung's struggling foundry business. flag The chips will be produced at Samsung's upcoming Texas facility, with production set to begin in 2025 and run through 2033. flag The partnership is seen as strategically vital for both companies, as it helps Tesla secure crucial chip supplies and Samsung gain a competitive edge in AI chip manufacturing.

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