Tesla, Samsung and Elon Musk
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On Monday, Tesla and Samsung announced a $16.5 billion multiyear deal for the latter to provide all-important artificial intelligence chips for the former. For Samsung, it’s a chance to finally carve out some market share from rival chipmaker TSMC.
Shares in Samsung Electronics came under pressure on Tuesday, following a powerful rally the previous day after the South Korean technology company clinched a $16.5 billion deal to supply artificial intelligence chips to Tesla .
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