Samsung and Tesla had been in talks over the partnership for some time, and the recent formal agreement signals early progress in Samsung’s 2nm process development

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.

Samsung's huge $16.5 billion order for Tesla 2nm chips will be a 'loss-making order' but the semiconductor firm takes it as a 'blessing in disguise'.

Samsung's chip division has finally received another major order. Tesla is having the AI6 processor manufactured there.