TSLAPrivate
Evidence
75%Strong
FactExpectedBusiness·March 22, 2026

Tesla, SpaceX, and xAI Announce $20B+ 'Terafab' Chip Manufacturing Facility in Austin, Texas

Elon Musk announced the Terafab project, a joint venture between Tesla, SpaceX, and xAI to build what he claims will be the largest chip manufacturing facility ever, located on the Tesla campus in Austin, Texas, with an estimated cost of at least $20 billion and goals of producing up to 200 gigawatts of computing power per year for terrestrial use and a terawatt for space.