Tesla Motors to get semiconductors from Samsung Electronics
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Samsung Electronics will supply semiconductors to US electric car maker Tesla Motors, South Korea’s Electronic Times reported on Friday citing unnamed sources.
Samsung would contract manufacture chips for self-driving features in Tesla vehicles, the paper reported, without putting a value on the order.
The South Korean firm has been trying to build auto-related sales for components such as semiconductors and displays in a push to develop a new growth engine.
Samsung in November said it would acquire Harman International Industries for $8 billion in a bid to grow quickly in the automotive market.
Samsung did not immediately comment on the report, while Tesla could not be immediately reached for comment.
Questions & Answers
Q.What will Samsung supply to Tesla Motors?
What will Samsung supply to Tesla Motors?
Samsung Electronics will supply semiconductors to Tesla Motors. These chips are specifically for self-driving features in Tesla's electric vehicles, as reported by South Korea’s Electronic Times.
Q.What other significant move has Samsung made in the automotive market recently?
What other significant move has Samsung made in the automotive market recently?
Samsung announced in November that it would acquire Harman International Industries for $8 billion. This acquisition is a deliberate step designed to help Samsung grow quickly in the competitive automotive market.
Q.Has either company confirmed this supply deal?
Has either company confirmed this supply deal?
Neither company has officially confirmed the report at this time. Samsung did not immediately comment on the news, and Tesla could not be immediately reached for comment regarding the supply deal.
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