Musk Unveils $25B 'Terafab' to Disrupt Global Semiconductor Markets
Elon Musk has announced 'Terafab,' a $25 billion joint venture between Tesla, SpaceX, and xAI designed to become the world's largest semiconductor fabrication facility. Located in Austin, the plant aims to produce 100-200 billion AI and memory chips annually to satisfy internal demand for autonomous vehicles, robotics, and orbital data centers.