All articles tagged with #supply deal
South Korean battery maker L&F has significantly reduced the projected value of its 2023 supply deal with Tesla from $2.9 billion to just $7,386, citing slower EV demand and production challenges with Tesla's 4680 batteries as key reasons, amidst broader industry struggles.
South Korean battery maker L&F has significantly reduced the projected value of its 2023 supply deal with Tesla from $2.9 billion to $7,386, likely due to Tesla's slower demand for 4680 batteries and production challenges, reflecting broader struggles in the EV battery industry amid weakening demand and policy uncertainties.
Tesla has announced a supply deal with Samsung Electronics to obtain semiconductor chips, including a new AI chip manufacturing facility in Texas, highlighting strategic importance in AI chip development and manufacturing efficiency.
Qualcomm has signed a new deal with Apple to supply 5G chips until at least 2026, reinforcing Apple's supply chains as it faces challenges in China. The agreement extends their previous chip supply deal, which ends this year, and Qualcomm estimates that only a fifth of Apple's iPhones will use its chips by 2026. Apple is also working on its own modem technology but has not disclosed its plans for ramping up its use. The financial terms of the deal were not disclosed.