Asia

Samsung Electro-Mechanics gets $2.8 billion chip investment from Tesla, Nvidia, report says

Euros Room · 1h ago · 🇰🇷 South Korea

SEOUL, Oct 22 : South Korea's Samsung Electro-Mechanics will receive investment valued at 3.7 trillion won ($2.8 billion) from Tesla and Nvidia to build facilities making advanced chip substrates, known as FC-BGA for AI semiconductors, the Maeil Business Newspapera reported on Thursday.

Tesla will invest 1.1 trillion won and Nvidia 2.6 trillion won to build the production lines in the South Korean city of Sejong to supply the substrates under a long-term contract, the paper reported, citing industry sources.

Our chief editor shares analysis and picks of the week's biggest news every Saturday.

Get our pick of top stories and thought-provoking articles in your inbox

Stay updated with notifications for breaking news and our best stories

Join our channel for the top reads for the day on your preferred chat app

Samsung Electro-Mechanics gets $2.8 billion chip investment from Tesla, Nvidia, report says

More Asia

Philippine central bank raises key interest rate by 50 basis points

Palantir says it cannot shut off NATO AI system as Europeans fear US tech dependence

Besi says ASML is not hybrid bonding rival as AI demand drives orders

Cloudflare sees millions of exploit attempts after PHP disclosure