Tesla signs $16.5bn chip deal with Samsung
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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 .
Samsung’s Korean stock (ticker: KR:005930) was up nearly 7% Monday on the news. The deal is an opportunity to prove that the woes of the past few years are in the rearview mirror.
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