Elon Musk unveiled plans for a massive semiconductor manufacturing project in Austin, Texas.
Speaking on March 21 at the Seaholm Historic Power Plant in downtown Austin, Musk introduced what he called “Terafab,” a new chip facility backed by Tesla, SpaceX, and xAI.
The project brings together three of Musk’s companies into a single effort. SpaceX recently acquired xAI in an all-stock deal, tightening the connection between the businesses as they ramp up their focus on artificial intelligence…