Elon Musk Unveils Terrafab, a $15 Billion Semiconductor Manufacturing Facility in Texas

Elon Musk has announced plans for Terrafab, a new semiconductor manufacturing facility in Texas, aiming to revolutionize chip production. This initiative, involving Tesla, SpaceX, and Intel, represents an initial investment exceeding $15 billion and is a strategic move by Tesla into semiconductor manufacturing, crucial for its AI and autonomous driving ambitions. The project, supported by a $30 million grant from the Texas government, is expected to create approximately 3,000 jobs.