Tesla Rebounds 7.63% After Completing AI5 Chip Design

Source
Korea Economic Daily

Summary

  • Tesla said it had completed the design of its in-house AI chip AI5 and entered the tape-out stage.
  • AI5 is planned for use in full self-driving vehicles and humanoid robots, with Samsung Electronics and TSMC set to produce it.
  • On the news, Tesla shares jumped 7.63%% to close at $391.95 on the Nasdaq.

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AI5 Enters Prototype Production as Shares Jump 8%

Photo: gg5795 / Shutterstock.com
Photo: gg5795 / Shutterstock.com

Tesla said June 15 that it had completed the design of its in-house artificial intelligence chip, AI5.

Chief Executive Officer Elon Musk wrote on X that the AI5 design team had entered the tape-out stage. He added that Tesla is developing AI6, Dojo 3 and other chips. Tape-out refers to the process of finalizing a semiconductor design and sending it to a foundry for prototype production.

Musk also thanked Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co. for supporting production of the chip. He added that AI5 would be one of the most-produced AI chips in history.

AI5 is planned for use in Tesla's full self-driving vehicles and humanoid robots. Samsung Electronics and TSMC will produce AI5, while Samsung will manufacture all of AI6. Tesla climbed 7.63% to close at $391.95 on the Nasdaq.

Lee Mi-a, Hankyung.com reporter, mia@hankyung.com

Korea Economic Daily

Korea Economic Daily

hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
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