Samsung and Tesla signed a USD 1.65 billion chip foundry order, Morgan Stanley: affecting Telco s revenue by only about 1%

Morgan Stanley predicts that the $16.5 billion chip foundry signed by electric vehicle manufacturer Tesla and Korean chip maker Samsung is unlikely to have a significant impact on NT$1.65 billion. Although this transaction has injected new vitality into Samsung's cracked chip manufacturing business, it has had little impact on the current market Longtou Tel.

In Morgan Stanley's research report, the agreement, which amounted to $16.5 billion, will be produced by Samsung at the Tyler factory in Texas, for Tesla. Tesla executive Elon Musk revealed that he will supervise the production process of chips himself. Mask further stated that the $16.5 billion is only the minimum output and is not the final transaction size.

In fact, this transaction will be related to Samsung's use of its 2-nano chip manufacturing technology to produce Tesla AI6 chips. AI6 chips are considered important to Tesla's Full Self Driving (FSD) platform and its humanoid robots. It will become the first chip to form the two platforms and play a key role in Mask's blueprint of transforming Tesla into robotics.

It is worth noting that Mask mentioned a key factor in choosing Samsung, which was the manufacturer allowing Tesla to help it produce chips. This is particularly important because Samsung's advanced process yields have been relatively low, which is one of the reasons why Taiwan Power has taken the dominant position in the market. Therefore, this pen transaction is undoubtedly a major breakthrough for Samsung. Previously, Samsung's chip foundry business continued to be in a difficult situation, and its operating profits plummeted by more than half of Samsung's semiconductor business in the second quarter of 2025, which means that although its revenues were growing, profits fell sharply. After the announcement of the news of Samsung's cooperation with Tesla, Samsung's stock price rose 6% in the Korean stock market, showing investors' positive reaction to the agreement.

Morbid Morgan Stanley also stated in the report that its cooperation with Tesla is expected to increase Samsung's market value by up to US$50 billion. The foreign data analyst expects that the long-term energy utilization rate of Samsung Texas Tel.com will be able to grow further, which also allows Samsung to provide a foundation for competing with Telco to gain the next-generation production technology. However, despite the significant gains from Samsung in this transaction. However, Morgan Stanley believes that the impact of this transaction on Taiwan Power's market share will be minimal. According to analysis, Samsung's transaction will only result in NT$1 loss in the operation and collection of NT$1. Morgan Stanley also believes that TECHNOLOG will continue to supply chips to Tesla and Mask's AI company, xAI, and maintain close cooperation with Tesla.

Currently, Telco is producing AI5 chips for Tesla using a 3-nanometer process, which is expected to be launched in January 2026. Samsung plans to manufacture AI6 chips in 2027. Although both companies set 2nm production targets in 2025, they usually wait until new technologies mature before they can be applied to high-performance computing chips such as Tesla processors. Therefore, due to the continuous maintenance of production and manufacturing efficiency of Taiwan Power, its market share has already taken the lead and has remained at the forefront of the industry. This also further supports Morgan Stanley's judgment on limited impact on NTF.