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

ME News reported on May 6th (UTC+8) that Elon Musk's SpaceX has proposed investing $55 billion to build a new semiconductor manufacturing facility in Texas to advance its ambitious "Terafab" project. According to a public notice on the Grimes County website, SpaceX plans to build a "next-generation vertically integrated semiconductor manufacturing and advanced computing manufacturing facility" there. If all subsequent phases of the project are completed, the total capital investment 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 project, 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 technology industry. He said, "We either build Terafab or we don't have chips, and we need chips, so we build Terafab." (Source: ME)