Musk says he’s building Terafab chip plant in Austin, Texas

Elon Musk announced plans to build a Terafab chip manufacturing plant in Austin, Texas, jointly operated by Tesla and SpaceX to produce chips for robotics, AI, and space data centers. Musk and other industry leaders are concerned that chip makers cannot produce enough chips fast enough to meet growing demand from the AI industry, though building a chip fabrication plant requires billions of dollars, many years, and specialized equipment.