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Samsung Electronics to supply chips to Tesla - Electronic Times

Reuters
The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, November 29, 2016. REUTERS/Kim Hong-Ji (Reuters)

SEOUL (Reuters) - Samsung Electronics Co Ltd <005930.KS> 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 (£6.3 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. (Reporting by Se Young Lee; Editing by Stephen Coates)