Update: Market Chatter: Tesla and Nvidia to Invest KRW3.7 Trillion in Samsung Electro-Mechanics Chip Substrate Facilities

MT Newswires Live13:49

(Updates to add Samsung Electro-Mechanics' response to MT Newswires' query)

Tesla and Nvidia will invest a combined 3.7 trillion won in Samsung Electro-Mechanics (KRX:009150) to build facilities producing advanced FC-BGA chip substrates for AI semiconductors, the Maeil Business Newspaper reported Thursday, citing industry sources.

Tesla will contribute 1.1 trillion won and Nvidia 2.6 trillion won to construct the production lines in Sejong, South Korea, the news daily said.

The substrates will be supplied under a long-term contract, running from 2029 through 2033, the publication said.

Samsung Electro-Mechanics told MT Newswires that it is unable to provide any information related to its clients in accordance with company policy. Nvidia and Tesla did not immediately respond to requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment