Samsung Profit Increases Sevenfold On Chip Prices
Samsung Electronics' 2 GB Double-Data-Rate modules with memory chips. SeongJoon Cho/Bloomberg via Getty Images

Samsung Is Reportedly Going to Start Supplying Chips to Tesla

Dec 09, 2016

Samsung Electronics (ssnlf) will supply semiconductors to U.S. electric car maker Tesla Motors (tsla), 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 (har) for $8 billion in a bid to grow quickly in the automotive market.

For more on Samsung, watch Fortune's video:

Samsung did not immediately comment on the report, while Tesla could not be immediately reached for comment.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions