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Dive Brief:
SpaceX will invest $16.8 billion on the first phase of its Terafab semiconductor manufacturing project in Grimes County, Texas, Gov. Greg Abbott said Thursday.
The 100-million-square-foot campus, once completed, will produce chips for SpaceX and Tesla, housing all aspects of the semiconductor process under one roof, according to a new release. The first phase is set to begin construction this year and create 3,000 jobs, state records show.
SpaceX was granted $30 million from the Texas Enterprise Fund as part of a “deal-closing” for its project. The facility is eligible for economic incentives under the Texas Jobs, Energy, Technology and Innovation program.
