Elon Musk's Terafab chip factory secures $16.8B initial investment for Texas construction
Elon Musk's Tesla and SpaceX confirmed plans to build Terafab, a massive chip factory in Grimes County, Texas, with an initial investment of $16.8 billion. The vertically integrated semiconductor manufacturing facility will span 100 million square feet and produce AI compute capacity for Optimus robots, Cybercabs, and space-based data centers.