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

Odaily reports that Elon Musk's SpaceX has proposed a $55 billion investment to launch the 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 scale is expected to 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's development speed is too slow to meet the growing chip demand for his projects and the entire tech industry. He said, "We either build the Terafab, or we don't have chips, and we need chips, so we build the Terafab." (Jin Shi)