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Samsung shares dip 1% after Tesla chip partnership
Samsung Electronics shares dropped 1% on July 29, after a strong rally the day before.
The rise came after Tesla announced it would use chips from Samsung’s new factory in Taylor, Texas.
Tesla CEO Elon Musk said the facility will produce the next-generation AI6 chip.
He didn’t mention when production would begin.
Analysts believe the deal could boost Samsung’s struggling chip business, though challenges remain in attracting more big clients.
🔗 Source: Reuters
Recent Samsung developments
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