Tesla and SpaceX will invest $16.8B to start building ‘Terafab’ chip factory in Texas

🇺🇸 TechCrunch (US) —
Tesla and SpaceX will invest $16.8B to start building ‘Terafab’ chip factory in Texas

AI Summary

Tesla and SpaceX announced a $16.8 billion investment to build a new semiconductor factory named 'Terafab' near Houston, Texas. This initiative marks a significant expansion in chip manufacturing capacity in the United States focusing on advanced production technologies.

After months of speculation, the companies formally announced the massive project will happen just north of Houston.

World Markets Deals Real Estate AI & Tech Energy Tesla SpaceX Terafab chip factory Texas semiconductor manufacturing investment Houston

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