Tesla is claimed to have signed a multi-billion-dollar deal with Samsung to supply cameras for its self-driving systems. The agreement with the Electro-Mechanics arm of Samsung is believed to be worth in the region of $3.2 billion to $4 billion. It was first reported by the Korea Economic Daily – an outlet that has broken the news of previous partnerships between the pair – and will make Samsung the largest supplier of camera modules to Tesla. Although neither Samsung nor Tesla has commented on the deal, it is understood that the camera modules will be used across the entire line-up, being installed on the Model 3, Model S, Model X and Model Y, as well as the Cybertruck when that finally arrives and also the forthcoming Semi Class 8 truck.
Veranese Promoted to CEO of AMI
With the continued growth and evolution of Advanced Manufacturing International, Inc. (AMI), the
