- Samsung Electronics Co Ltd SSNLF won a Tesla Inc TSLA contract beating Taiwan Semiconductor Manufacturing Co Ltd TSM, the Korea Economic Daily reports.
- Samsung will manufacture Tesla's next-generation hardware 4 (HW 4.0) chip for its fully autonomous driving technology.
- Tesla and Samsung's foundry division were working on the design and samples of the chip from the start of 2021.
- Samsung aims to mass-produce the Tesla HW 4.0 chip at its main Hwasung plant in Korea using the 7-nm processing technology in Q4 of 2021 at the earliest.
- Tesla and Samsung agreed on the 7-nm process for the safety of Tesla's next-generation electric vehicles.
- Tesla's Cybertruck will likely adopt the HW 4.0 computer.
- Price Action: TSLA shares traded higher by 0.26% at $753.9 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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