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Tesla Debug Entering Chip Factory in China Says it is Fake

Yusuf Balogun
Yusuf Balogun
Yusuf is a law graduate and freelance journalist with a keen interest in tech reporting.

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Tesla, the world’s largest electric vehicles marker, has debugged a report saying it has entered a joint venture with the Swiss automotive semiconductor company to manufacture chips, saying it is a fake report.

According to the report, Annex controls 55% of the joint venture’s registered capital, which is $150 million, while Jinan Zurich Annas Equity Investment Fund Partnership shares 40%. The Annex was purchased by Jinan Zurich Annas Equity Investment Fund for US$5 billion as early as June 2022.

Even though Tesla is said only to own 5% of the company, this is the first time that chip design and manufacture have been implemented in mainland China.

However, Tesla’s China spokesperson, in an interview, said that the company has no investment relationship with the Annex Semiconductor joint venture and does not have the intention of deploying chip design and manufacturing in mainland China.

Additionally, the data reveals that Tesla Motors Limited, registered in the UK, not the Tesla American car corporation that is well-known, is Annas Semiconductor’s Tesla investor. It’s important to note that the international news outlet Electrek questioned the veracity of Annex, the joint venture between Tesla chip manufacturing and Switzerland that was cited in the media.

Except for the company’s website and news articles about Tesla, a search of the Annex turned up nothing pertinent. Additionally, there is a picture of the chip on their website, which is a PS chip with an AMD Ryzen chip, but the words have been changed to “ANNEX.”

Additionally, no one associated with the company could be discovered, and the phone number the Annex company provided was disconnected. The reporter discovered that the company’s social media account connection was broken, that its headquarters did not exist, and that the other offices it introduced did not specify their precise locations, leading him to surmise that the business might be a shell.

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