Aug 6 : SpaceX and Tesla will initially invest $16.8 billion to build Terafab, Elon Musk's planned advanced AI chip manufacturing complex in Grimes County, Texas, the aerospace company said on Thursday.Terafab is intended to narrow the gap between existing global chip supply and the computing capacity SpaceX

Facility will employ 3,000 people from neighboring counties

TeraFab plans a $55B semiconductor fab in Grimes County, Texas, serving Tesla, SpaceX, Intel, and xAI with one terawatt of annual processing