Samsung Electronics has secured a $16.5 billion contract with Tesla to supply semiconductors, with the contract starting on July 26, 2025, and running until December 31, 2033. Tesla CEO Elon Musk confirmed the partnership on social media, emphasizing the strategic importance of Samsung's new Texas facility dedicated to Tesla's next-generation AI chip. The deal highlights Samsung's efforts to enhance manufacturing efficiency and compete in the semiconductor market amid challenges from rivals like SK Hynix and Micron.