•1 min read•from TechCrunch
SpaceX may spend up to $119 billion on ‘Terafab’ chip factory in Texas
Our take
SpaceX, the innovative aerospace company led by Elon Musk, is exploring a significant investment in semiconductor manufacturing with plans to allocate up to $119 billion for its ‘Terafab’ chip factory in Texas. Initial funding may reach $55 billion, as detailed in a recent filing with Grimes County. This ambitious project not only underscores SpaceX's commitment to advancing technology but also highlights Musk's vision of integrating semiconductor capabilities with his broader initiatives, including the AI-focused xAI.
SpaceX, Elon Musk's space company that also houses his AI company, xAI, is considering spending $55 billion, at least initially, to build a semiconductor factory in Texas, according to a filing with Grimes County.
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