Tech Industry New AI data center in Utah will generate and consume more than twice the amount of power the entire state uses · Artificial Intelligence Google's DeepMind to train AI on player actions in quarter-million-player MMORPG Eve Online · Tech Industry SpaceX files for $55 billion semiconductor fab in rural Texas for Musk's Terafab...
📊 The Terafab win highlights external demand for Intel's foundry services, which could be important for how you think about the long term role of contract manufacturing in the business mix.
Grimes County residents are urging officials to require protections and oversight as they consider incentives for a proposed $119B SpaceX manufacturing plant.
Tesla (NasdaqGS:TSLA) has outlined a Terafab semiconductor facility in Texas focused on AI and autonomy chips. The company is working with SpaceX and Intel on advanced chip production to support self-driving and AI workloads.
Tesla (TSLA) is building Terafab, ... the project, which requires a $25 billion+ capital investment and involves building two advanced chip factories in Austin....
Tech Industry Why TSMC grew four times faster than its foundry rivals in 2025 · Tech Industry Elon Musk unveils $20 billion ‘TeraFab’ chip project to make chips, memory, and package processors all under one roof
Intel stock jumped on reports of a preliminary agreement with Apple (AAPL) to manufacture some of the chips used in its devices, marking a breakthrough for Intel’s foundry ambitions. The speculation comes after Intel joined Tesla Inc.’s (TSLA) Terafab project in April.
Until now, Intel’s foundry division has struggled to secure large-scale external customers, apart from a previously announced partnership with Elon Musk-linked Terafab, aimed at serving Tesla and related businesses.
Beyond Apple, Intel has forged ties with Elon Musk's xAI, Tesla and SpaceX through the Terafab super-chip project. It repurchased full control of its Fab 34 facility in Ireland for $14.2 billion, a move seen as a vote of confidence in its ...
The Terafab partnership with Musk’s SpaceX, xAI, and Tesla is a scheme to build a massive chip factory complex in Texas with an initial investment of 55 billion dollars and a total cost that could reach 119 billion.
Every Tesla sold adds another ... driving culture on earth. Terafab is a $20–25 billion joint venture designed to become the largest semiconductor fabrication facility ever built, targeting one terawatt of AI compute ...
This facility forms a central element of Tesla’s broader North Campus expansion at Giga Texas. The project will add more than 5.2 million square feet of new industrial space. It sits alongside other advanced developments, including a Terafab for next-gen AI chips.
On May 11, 2026, news broke about Elon Musk's ambitious Terafab project, which could significantly benefit Intel Corp (NASDAQ: INTC) and various chip equipment companies. According to Wedbush, SpaceX plans to invest $55 billion into a proposed semiconductor manufacturing project in Texas, with total costs potentially reaching $119 billion if expansion phases proceed.
... SpaceX could invest as much ... to local documents tied to a tax abatement request. The Commissioners Court of Grimes County will hold a public hearing on June 3 to consider the deal....
Image courtesy of Tesla · The joint venture of SpaceX, Tesla and xAI has proposed a location for its massive, $55 billion chip manufacturing campus dubbed Terafab. Total costs may amount to $119 billion if the facility is expanded.
What makes the story especially interesting for Intel is the reported plan to use the company's future 14A manufacturing process. If that relationship ultimately materializes, Wedbush believes it could represent a meaningful validation of Intel's foundry ambitions at a time when the company is fighting to prove it can compete again in advanced chip manufacturing.
Intel’s recent foundry wins with companies such as Apple and TeraFab highlight a broader industry reality: advanced process technology alone is no longer sufficient.
The existing xAI logo will likely be phased out, and a new SpaceXAI logo, which conveniently still has the xAI letters in the name, will be designed and presented. The formation of SpaceXAI consolidates both hardware and software resources into a single entity. With the ongoing development of the $119 billion TERAFAB semiconductor fab and the new capabilities of the upcoming Starship V3, SpaceX is rapidly evolving beyond a traditional launch provider with an internet side business.