A $2.9 billion deal with Tesla and L&F Co. has collapsed into just $7,386 on paper, a 99% plunge that has blown a massive hole in the company’s value and crushing the fortune of the family that own it ...
TL;DR: Samsung Electronics secured a $16.5 billion contract to produce Tesla's next-generation 2nm AI6 chips at its Texas fab, accepting losses to gain a strategic reference. This deal aims to boost ...
(Bloomberg/Sangmi Cha) — Samsung Electronics Co.’s surprise $16.5 billion chipmaking deal with Tesla Inc. has breathed new life into a foundry business all but written off by many investors. Its stock ...
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