Tesla and Samsung Electronics executives meet to talk about likely collaboration

Elon Musk, CEO of Tesla, recently had a meeting with several executives from Samsung Electronics, including Executive Chairman Lee Jae-yong. According to an announcement that was made by the tech giant on Sunday, the meeting took place at the US R&D Labs of Samsung Semiconductor.

Musk and Lee had their first private meeting in this setting. The agenda included talks about how to work together in the future on autonomous driving and making semiconductors.

Musk is known for his role in Tesla, the world’s biggest electric car company, and furthermore for his contribution in other innovative ventures. These include Starlink, a next-generation satellite communication organization, SpaceX, a space exploration organization, and brain-machine startup Neuralink. Musk is likewise involved in The Boring Company, a transportation startup, and Twitter, a social media platform.

Samsung and Tesla have worked together in the past, especially on the creation of semiconductors for autonomous vehicles and next-generation IT technology. Samsung and Tesla have cooperated on the improvement of chips intended for autonomous driving.

Samsung has additionally been making progress in the automotive semiconductor market. Nvidia and Mobileye, two of the industry’s leaders, have placed orders with the tech giant. Samsung may be looking to add Tesla to its client list, as suggested by the recent meeting with Tesla executives.

Be that as it may, Samsung might need to get ready for some rivalry. Late last year, there were reports that Taiwan Semiconductor Manufacturing Company Limited (TSMC) was in the running to be Tesla’s preferred supplier for its next-generation Full Self-Driving (FSD) computer. According to reports, TSMC intended to provide Tesla with chips manufactured using 5 nm and 4 nm processes.

The speed of updates in the systems and hardware that Tesla uses is more likened to that of a tech organization than a traditional automaker. Since Tesla is trying to solve the problem of autonomous driving, the company will probably need the best chips for years to come. As a result, Samsung Electronics and TSMC count Tesla as one of their most lucrative customers.