Aug 6 : Elon Musk's SpaceX and Tesla will initially invest $16.8 billion to build Terafab, an advanced AI semiconductor complex in Grimes County, Texas, as the companies race to secure the chip capacity that the billionaire has called essential to their future.The facility is intended at nar

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