SpaceX and Tesla Confirm $16.8 Billion Texas Chip Plant to Close Global Supply Gap
TLDR
- SpaceX and Tesla will invest $16.8 billion in the first phase of Terafab, a chip manufacturing complex in Grimes County, Texas
- The facility is a joint venture between the two Elon Musk companies, with manufacturing support from Intel
- Total costs across all phases could exceed $119 billion
- Terafab will cover 100 million square feet and is expected to create 3,000 high-paying jobs
- Texas is offering a $30 million enterprise grant and tax abatements to support the project
Elon Musk’s two major companies, SpaceX and Tesla, have confirmed they will jointly invest $16.8 billion to build Terafab, an advanced chip manufacturing facility in Grimes County, Texas. Texas Governor Greg Abbott joined both companies to make the announcement official on August 6.
Terafab will be built in Grimes County, Texas
In April, we broke ground on our research fab on the North Campus of Giga Texas – the precursor to Terafab.
Both Tesla & SpaceX will need far more chips than current & future global production can supply.
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