'Samsung Signs Camera Supply Contract With U.S. EV Maker Believed To Be Tesla' - Teslarati
Portfolio Pulse from Happy Mohamed
Samsung Electro-Mechanics Co. has reportedly signed a camera supply contract with a prominent US electric vehicle maker, speculated to be Tesla. The scale of the deal is yet to be finalized. The cameras, ultra-high-definition units with over 5 million pixels, are expected to be supplied for several of Tesla’s vehicles. This is Samsung's second major win this year, following a contract to supply chips for Tesla’s next-generation Hardware 5.0 computer.
September 05, 2023 | 3:07 pm
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Samsung Electro-Mechanics has signed a camera supply contract with a US electric vehicle maker, believed to be Tesla. This is the second major contract with Tesla this year, following a contract to supply chips for Tesla’s next-generation Hardware 5.0 computer.
The camera supply contract with Tesla, if confirmed, could be a significant win for Samsung Electro-Mechanics, potentially boosting its revenues and profitability. This could positively impact Samsung's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Tesla is believed to have signed a camera supply contract with Samsung Electro-Mechanics. The cameras, expected to be used in several Tesla models, could enhance Tesla's vision-based autonomous driving capabilities.
The contract with Samsung Electro-Mechanics for camera supply could potentially enhance Tesla's autonomous driving capabilities, as the cameras are ultra-high-definition units with over 5 million pixels. This could positively impact Tesla's stock in the short term as it indicates progress in their autonomous driving technology.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90