Tesla and SpaceX will invest more than $16.8 billion in Texas for the first phase of Terafab, Elon Musk’s planned vertically integrated giant semiconductor factory, first announced in March.
The initial phase is expected to create 3,000 jobs, but no implementation timeline has been provided. The announcement confirms that Musk is moving ahead with a major industrial project aimed at building a large-scale, integrated chip manufacturing operation in Texas.
The original article does not provide further technical details about the facility, the scope of the first phase beyond the investment amount and job creation, or any additional comments from Musk.