05:15 AM EDT, 07/28/2025 (MT Newswires) -- Tesla (TSLA) has awarded an artificial intelligence semiconductor manufacturing contract worth about 22.765 trillion South Korean won ($16.5 billion) to Samsung, the South Korean company said in a Monday filing.

The plan is for an upcoming plant in Taylor, Texas, to manufacture the electric vehicle maker's next-generation AI6 chip, Bloomberg News reported, citing Tesla Chief Executive Elon Musk.

The contract is effective through Dec. 31, 2033, Samsung said.

Tesla shares were up 1.8% in recent premarket activity Monday.