Tesla's founder and CEO, Elon Musk, expects the deal outcome to be larger than $16.5 billion after signing a chip supply deal with South Korean electronics maker Samsung on Monday, 28 July 2025.

Elon Musk’s Tesla signs $16.5 billion chip supply deal with Samsung; South Korean giant’s shares jump over 6%

Billionaire Elon Musk’s electric vehicle (EV) company, Tesla Inc., signed a $16.5 billion chip supply deal with the South Korean electronics maker Samsung Electronics on Monday, 28 July 2025. The EV major aims to focus on the next-generation AI6 chip, according to the executive’s post on the social media platform X.  The chip supply partnership…

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Asia stock markets today: live updates

Asia stock markets today: live updates

Hong Kong stocks rise in early trade Hong Kong stocks started the day higher Monday, following mixed trading in the other key Asia-Pacific markets. As of 10 a.m. local time (10 p.m. ET Sunday), the Hang Seng Index added 0.49%. Meanwhile, mainland China’s CSI 300 traded flat as investors await more details on the U.S.-China talks which…

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