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    A005930   KR7005930003

SAMSUNG ELECTRONICS CO., LTD.

(A005930)
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Samsung Electronics : in talks with Tesla to make next-gen self-driving chips -Korea Economic Daily

09/23/2021 | 07:56am EDT
FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul

SEOUL (Reuters) - Samsung Electronics is in talks with Tesla to make Tesla's next-generation self-driving chips based on Samsung's 7-nanometre chip production process, a South Korean newspaper reported on Thursday.

Since the beginning of this year, Tesla and Samsung have discussed chip design multiple times and exchanged chip prototypes for Tesla's upcoming Hardware 4 self-driving computer, the Korea Economic Daily reported, citing sources with direct knowledge of the matter.

Samsung declined to comment. Tesla did not have an immediate response.

If Samsung wins the order, it is expected to make the chip on its 7-nanometre production process, the report said. Samsung already produces chips in Tesla's current Hardware 3 computers.

Tesla Chief Executive Elon Musk said https://www.reuters.com/business/autos-transportation/tesla-unveils-own-chip-ai-training-computer-dojo-2021-08-20 in the company's AI Day event in August that Tesla would introduce new hardware for its self-driving computer for its Cybertruck electric pick-up truck in "about a year or so."

In the chip contract manufacturing industry, Samsung is second to TSMC which had 52.9% of market share compared to Samsung's 17.3% as of end-June, according to analysis provider TrendForce.

(Reporting by Joyce Lee; Editing by Bernadette Baum)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
SAMSUNG ELECTRONICS CO., LTD. -0.42% 70300 End-of-day quote.-13.21%
TESLA, INC. 0.18% 865.8 Delayed Quote.22.69%
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Analyst Recommendations on SAMSUNG ELECTRONICS CO., LTD.
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Financials
Sales 2021 275 166 B 234 B 234 B
Net income 2021 39 385 B 33,5 B 33,5 B
Net cash 2021 108 097 B 92,0 B 92,0 B
P/E ratio 2021 11,8x
Yield 2021 2,05%
Capitalization 472 670 B 402 B 402 B
EV / Sales 2021 1,32x
EV / Sales 2022 1,15x
Nbr of Employees -
Free-Float 82,7%
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Samsung Electronics Co., Ltd. Technical Analysis Chart | A005930 | KR7005930003 | MarketScreener
Technical analysis trends SAMSUNG ELECTRONICS CO., LTD.
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 39
Last Close Price 70 300,00 KRW
Average target price 98 342,11 KRW
Spread / Average Target 39,9%
EPS Revisions
Managers and Directors
Hyun-Suk Kim Co-President, Co-CEO & Director
Dongjin Koh Co-President, Co-CEO & Director
Kinam Kim President, Co-CEO & Director
Tae Moon Roh Co-President & Head-Research & Development
Hee-Chan Roh Chief Financial Officer
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