SpaceX plans to invest $55 billion to build Terafab chip factory in Texas

Odaily reported that Elon Musk's SpaceX has proposed investing $55 billion to start construction of a new semiconductor production facility in Texas, advancing its ambitious "Terafab" project. According to a public notice posted on the Grimes County website, SpaceX plans to build a "next-generation vertically integrated semiconductor manufacturing and advanced computing manufacturing facility" in the area. If all subsequent phases of the project are completed, the total capital investment could potentially rise to $119 billion. Musk first unveiled the "Terafab" concept in March, aiming to produce chips for his robotics, space, and artificial intelligence projects. He stated that this joint venture involving SpaceX and Tesla is crucial because the semiconductor industry is developing too slowly to meet the growing chip demand for his projects and the entire tech industry. He said: "We either build Terafab, or we have no chips, and we need chips, so we are building Terafab." (Jin Shi)