The supplier anticipates gaining advantages from the $16.5 billion agreement between Tesla and Samsung regarding AI chips.

Tesla has announced a $16.5 billion AI chip deal with Samsung, enhancing U.S. semiconductor manufacturing and supporting domestic suppliers like Graphjet Technology, which produces graphene and graphite. Graphjet plans to build a facility in Nevada to convert agricultural waste into graphite, essential for semiconductor production. Despite slowing electric vehicle demand, the need for high-tech components continues to rise, prompting significant investments in domestic manufacturing. Graphjet expects to benefit from this growth, aiming to start production by 2026.