Key facts
- Tesla and SpaceX are jointly developing a semiconductor factory called "Terafab."
- The factory will be located in Grimes County, Texas.
- The initial investment in the project is $16.8 billion.
- The facility plans to have over 100 million square feet of manufacturing space.
- Terafab will produce chips for AI, autonomous vehicles, and space-based data centers.
Tesla and SpaceX are embarking on a significant joint venture to construct an advanced semiconductor factory named "Terafab" in Grimes County, Texas. The initial investment for this ambitious project is set at $16.8 billion. The facility is designed to be a sprawling manufacturing hub, with projected plans for over 100 million square feet of production space. The primary goal of Terafab is to produce cutting-edge chips that will power a range of advanced technologies. These include chips essential for artificial intelligence applications, systems enabling autonomous vehicles, and the development of data centers intended for use in space-based operations.