Intel Reports Earnings Later Today, but Thanks to Elon Musk’s Terafab Project, Its Results Might Not Even Matter

Tesla’s (TSLA) first-quarter 2026 earnings report, released after the close on April 22, delivered a beat on both revenue and earnings per share, but the most consequential revelation for the broader market may have been Elon Musk’s confirmation that Tesla and SpaceX will use Intel’s (INTC) next-generation 14A chip manufacturing process for the ambitious Terafab semiconductor complex in Austin, Texas. This announcement sent Intel shares up over 2% in Thursday morning trading.

Musk lines up chip suppliers, accelerates Terafab AI fab plan

Apple faces chip supply challenges for MacBook Neo, plans diversified configurationsTomorrow's Headlines ... Musk has reportedly tapped US and Japanese chip equipment suppliers to speed up Terafab.

Intel lands Tesla as first major customer for 14A chip technology - The Business Times

Musk said in March that his space startup SpaceX and Tesla would build two advanced chip factories at this sprawling facility, one to power cars and humanoid robots, and another designed for the space data centres. Many details of the Terafab project, such as who will pay for pricey chipmaking equipment, who will operate the factory and when it will come online, remain unknown. Musk has said, though, that Terafab will eventually produce one terawatt of computing capacity a year, compared with ab

SpaceX IPO: Musk Weighs $60 Billion Cursor Deal, and Can It Save xAI?

TradingKey - On April 23, Intel (INTC.US) shares rose as much as 2% in pre-market trading before paring gains. This follows an announcement by Tesla CEO Elon Musk that Tesla will use Intel's advanced 14A manufacturing process to produce AI chips for its Terafab project, making Tesla the first major customer for Intel's 14A technology.

Stock Market News — April 22, 2026 — Evening Update (Last 12 Hours PT)

The 25% capex increase to $25B+ for AI training, autonomous driving, and Optimus robotics, combined with Intel's 14A foundry deal for Terafab, signals Musk is building a vertically integrated AI hardware stack. The 4% after-hours pop suggests investors are buying the narrative. Bears will point to weakening California registrations and margin pressure. ... The chip cycle is splitting. AI beneficiaries are surging: SK Hynix +400% profit, BE Semi +64%, TI upbeat on data centers, Nokia up on o

Tesla Stock Forecast: Tesla Bets $2B on SpaceX Growth

Tesla has increased its capital expenditure plans to over $25 billion for 2026. A large portion of that investment will fund the Terafab project, a joint initiative with SpaceX aimed at producing AI chips.

Elon Musk pitches part of Terafab in Austin for Tesla, SpaceX

Samsung’s new plant near Taylor is seen in October. By 2028, it’s expected to encompass about 8 million square feet. Elon Musk said a new Tesla/SpaceX chip fabrication plant would be 12 times that.Aaron E. Martinez/Austin American-Statesman · Musk’s plans, if achieved, would exceed that. He shared a comparison of Terafab to Gigafactory Texas, noting Terafab will be “one hell of a building!” Analysts have estimated the project could cost at least $20 billion.

The Terawatt Transition: Inside Musk’s Galactic Terafab Vision

The Terafab project faces several monumental risks: The Physics of Lithography: Building a leading-edge fab (capable of 2nm or below) is arguably the most difficult engineering feat on Earth. TSMC and Samsung have spent decades and hundreds of billions of dollars to master this.