Samsung Electro-Mechanics gets $2.8 billion chip investment from Tesla, Nvidia, report says

SEOUL, Oct 22 (Reuters) South Korea s Samsung Electro-Mechanics ​will receive investment ‌valued at 3.7 trillion won ($2.8 billion) from Tesla and ‌Nvidia ​to ⁠build facilities making ⁠advanced chip substrates, known as FC-BGA for AI ​semiconductors, the Maeil Business Newspapera ⁠reported ⁠on Thursday. Tesla will ​invest 1.1 trillion ​won and Nvidia 2.6 ‌trillion won to build the production lines ⁠in the South Korean city of Sejong ⁠to ‌supply the ⁠substrates under a ​long-term ‌contract, the ​paper reported, ⁠citing industry sources. ($1 = 1,322.4400 won) (Reporting by Jack Kim; Editing by Jacqueline ​Wong)