Musk to build chip factory Terafab in Austin with Tesla and SpaceX

Elon Musk said Tesla and SpaceX will launch Terafab in Austin to manufacture their own chips. The project is aimed at covering internal demand for AI, robotics, and vehicles.

The facility will produce chips for edge use in cars and robots, as well as high-power chips for data centers and space systems.

Musk says current chip supply cannot keep up with future needs, so the companies plan to build their own production.

Big tech is moving further into in-house chip manufacturing.

@venture