Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
EU Signals Major Shift on 2035 Combustion Engine Ban Amid Auto Industry Pressure 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Samsung Electro-Mechanics has won a deal to supply camera modules to Tesla. The said item is a key part of the production of the EV maker's electric trucks.
Samsung Electro-Mechanics is a subsidiary of the Samsung Group, and it specializes in the production of electronic components. It mostly makes chip parts, including MLCCs, camera modules, printed circuit boards, semiconductor substrates, and network modules, and it will be supplying some parts to Elon Musk's owned electric vehicle company, which is Tesla.
Samsung's contract for the parts supply to Tesla was confirmed on Wednesday, June 8. It was reported that the company was competing with bigger rivals for the deal and successfully beat LG Innotek in the quest to be Tesla's sole supplier of camera modules for its electric truck Semi and Cybertruck, which have yet to be released.
Earlier this year, Tesla's chief executive officer revealed that these two new models are set to be launched next year. As per Yonhap News Agency, the value of Samsung Electro-Mechanics' contract with the American EV maker was not immediately known.
Samsung will be delivering the camera modules to Tesla's Gigafactories located in Berlin, Germany and Shanghai, China. Aside from Samsung, LG is the other major provider of vehicle parts for Tesla. Prior to this new contract, the company also won the deal for orders of camera modules for Tesla's electric trucks last year, and it was valued at KRW490 billion or around $389 million.
The Korea Economic Daily reported that the Samsung Electro-Mechanics will provide Tesla with Samsung's version 4.0 camera modules, which feature five million pixels. This will offer images that are five times clearer compared to the previous 3.0 modules.
The Korean firm will start mass-producing the said component as early as July of this year to make sure it will have enough items to deliver. Meanwhile, this deal is reportedly Samsung Electro-Mechanics' largest single contract ever, and it has now become Tesla's largest supplier of camera modules as well. Aside from the Semi and Cybertruck, the camera modules may also be installed on Tesla's Model 3 sedan, Model S, Model Y crossover, and Model X SUV.
