Samsung and Tesla are both dominant companies in the consumer electronics and electric vehicles markets respectively.
Recently, a private meeting was held in Silicon Valley between Tesla CEO Elon Musk and Samsung Electronics Executive Chairman Lee Jae-yong.
Samsung officially stated that,
The two companies are currently seeking ways to cooperate in the development of IT-related technologies, such as semiconductors for autonomous vehicles.
During the meeting, the CEOs agreed to continue exchanges for next-generation technology development, especially on chips for fully autonomous vehicles.
According to reliable sources, we can soon witness Samsung and Tesla collaborate in the automotive chip sector. The market for automotive chips is growing at a rapid pace and it’s expected to reach $700 billion by 2028.
You will be surprised to know that Samsung has been working on automotive hardware for quite some time now. As a matter of fact, last year, Samsung introduced a new lineup of memory chips.
These new chips for cars are designed to offer modern features such as ADAS (Advanced Driver-Assistance Systems) and IVI (In-Vehicle-Infotainment).
Just from speculations, we can soon expect great results from the collaboration of Samsung and Tesla.