TECH

Samsung Electronics Will Supply Semiconductors To Tesla

Samsung is trying to push its revenue by making components for the automobile industry.

09/12/2016 8:33 AM IST | Updated 09/12/2016 8:46 AM IST
Kim Hong-Ji / Reuters
Employees walk past a building of Samsung Electronics in Seoul, South Korea, November 8, 2016. REUTERS/Kim Hong-Ji

Samsung Electronics Co Ltd will supply semiconductors to U.S. electric car maker Tesla Motors Inc , South Korea's Electronic Times reported on Friday citing unnamed sources.

Samsung would contract manufacture chips for self-driving features in Tesla vehicles, the paper reported, without putting a value on the order.

The South Korean firm has been trying to build auto-related sales for components such as semiconductors and displays in a push to develop a new growth engine. Samsung in November said it would acquire Harman International Industries for $8 billion in a bid to grow quickly in the automotive market.

Samsung did not immediately comment on the report, while Tesla could not be immediately reached for comment.

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