Just a few years ago, Samsung Electronics stood as a leading force in the global semiconductor race, dominating one chip sector and eyeing Taiwan’s TSMC in the battle for supremacy in another.

Samsung Electronics Co.’s chip unit plunged a far bigger-than-expected 94% in the June quarter, reflecting the depth of a slump that’s plaguing the world’s largest memory chipmaker.

Tesla and Samsung have cemented a landmark $16.5 billion partnership, marking a significant milestone in the development of AI technology. This deal underscores the growing synergy between the automotive and semiconductor industries,