Goldfinch Finance reports that on March 24, Elon Musk announced that Tesla and SpaceX will build a large-scale chip factory in Austin to meet the surging demand for artificial intelligence.
The facility, called “Terafab,” will include two wafer fabs: one for Tesla’s AI business (cars, robots) and another for SpaceX’s space-based data centers. Musk stated that current suppliers cannot meet future demands.
His goal is for the factory to produce 1 terawatt of computing power annually, roughly twice the current total computing capacity in the United States.
The project timeline has not yet been announced, and there are execution risks, but this highlights the growing urgency for companies to develop independent chip manufacturing.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
