TechCrunch·4 min read·medium
Tesla and SpaceX will invest $16.8B to start building ‘Terafab’ chip factory in Texas
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Sean O'Kane
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Tesla and SpaceX have announced a $16.8 billion joint investment to build 'Terafab,' a massive semiconductor manufacturing facility in Texas. The project aims to address the extreme computing power requirements for future AI, robotics, and autonomous vehicle technologies.
Tesla and SpaceX said Thursday that “Terafab,” the advanced chip factory they are jointly developing, will be built in Grimes County, Texas, outside Houston, and that they will make an initial investment of $16.8 billion in the project.
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