
Samsung Electronics shares fall 1% after rallying on Tesla deal
The deal could bolster the technology company's unprofitable contract business, but Samsung faces challenges in securing additional large customers, analysts said.
Tesla CEO Elon Musk said late on Sunday that Samsung's new chip factory in Taylor, Texas, would make the auto company's next-generation AI6 chip, without elaborating on the timing of the production.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CNA
4 hours ago
- CNA
Minority ethnic groups keep food heritage alive via online sales
Minority ethnic groups in Singapore are keeping their food heritage alive through online businesses. Some have seen a spike in their orders, of up to 30 per cent, this SG60 season. They are also hoping to share their hard-to-find unique dishes through heritage events. Rachel Teng with more.


CNA
4 hours ago
- CNA
Singapore Retail Festival to replace Great Singapore Sale
The Great Singapore Sale will be upgraded to what is being called the Singapore Retail Festival. An association representing retailers says the original concept has lost its lustre, with cheaper options abroad. Ernie Koh, President of the Singapore Retailers Association, shares more details.


CNA
5 hours ago
- CNA
ICA foils smuggling of more than 37,000 vape products at land borders so far this year
The Immigration and Checkpoints Authority has foiled attempts to smuggle more than 37,000 e-vaporisers and related products through land checkpoints, so far this year. Officers used advanced scanning technology and data analytics, as they collaborated with other agencies to uncover the well-hidden illegal items in vehicles. Aslam Shah goes behind the scenes to find out how they did it.