Samsung announced that Tesla CEO Elon Musk and Samsung Electronics Chairman Lee Jae-yong held a private meeting. This signals a potential partnership between the two companies for the development of high technologies.
The meeting took place last week at Samsung’s semiconductor research center in Silicon Valley. Although the two executives had met at several events before, they met for the first time in a private setting. Sources state that Samsung and Tesla are seeking partnerships in the development of IT-related technologies, including chips for autonomous vehicles.
Industry experts stated that the last meeting could open the door to opportunities for both companies to work together in the automotive chip industry. Meanwhile, the automotive chip market is expected to reach a valuation of $700 billion by 2028. In addition, Lee, who made a 22-day trip to the USA, Satya Nadella and from Google Sundar Pichai It is stated that he also met with other technology executives such as
We know that Samsung has been working on automotive hardware for a while. Last year, ADAS (Advanced Driver Assistance Systems) and IVI It introduced a new line of chips designed for modern features such as the In-Car Entertainment System. It also announced earlier this year that it will manufacture 5nm chips for Ambarella. Meanwhile, Ambarella is a company focused specifically on designing hardware for image processing and analysis. Ambarella designed its latest SoC model to be used as an artificial intelligence controller for autonomous vehicles.