Samsung Wins Tesla Contract, Beating Taiwan Semiconductor: KED

Samsung Electronics Co Ltd (OTC:SSNLF) won a Tesla Inc (NASDAQ:TSLA) contract beating Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), the Korea Economic Daily reports.
Samsung will manufacture Tesla's next-generation hardware 4 (HW 4.0) chip for its fully autonomous driving technology.
Tesla and Samsung's foundry division were working on the design and samples of the chip from the start of 2021.
Samsung aims to mass-produce the Tesla HW 4.0 chip at its main Hwasung plant in Korea using the 7-nm processing technology in Q4 of 2021 at the earliest.
Tesla and Samsung agreed on the 7-nm process for the safety of Tesla's next-generation electric vehicles.
Tesla's Cybertruck will likely adopt the HW 4.0 computer.
Price Action: TSLA shares traded higher by 0.26% at $753.9 on the last check Thursday.