Reported Thursday October 24, 2024, 'Tesla Nears ~$740M Major Deal With SK Hynix For AI Server Storage' - Tesla North
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Tesla is nearing a $740 million deal with SK Hynix for enterprise solid-state drives (eSSD) to enhance its AI server capabilities. This move aligns with industry trends towards eSSD for improved speed and efficiency. SK Hynix's strong financial performance is driven by rising demand for eSSD and high-bandwidth memory.
October 25, 2024 | 6:56 pm
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Tesla is negotiating a $740 million deal with SK Hynix for eSSD to enhance its AI server capabilities, aligning with industry trends for better speed and efficiency.
The deal with SK Hynix for eSSD is significant for Tesla as it aims to enhance its AI server capabilities, which is crucial for its Full Self-Driving tech. This aligns with industry trends and could improve Tesla's operational efficiency, potentially boosting its stock price.
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