tech
Tesla and SpaceX Will Invest $16.8B to Start Building 'Terafab' Chip Factory in Texas
After months of speculation, the companies formally announced the massive project will happen just north of Houston.
TL;DR
- Tesla and SpaceX are jointly developing an advanced chip factory named 'Terafab'.
- The factory will be located in Grimes County, Texas, near Houston.
- An initial investment of $16.8 billion is planned for the project.
- The facility is intended to be the largest and most valuable building on Earth, with over 100 million square feet of manufacturing space.
- Terafab aims to bridge the gap between current chip supply and future computing demands for AI, robotics, and autonomous systems.
- The project is expected to employ at least 3,000 people from Grimes and Brazos County.
- Intel has confirmed its contribution to the Terafab project.
- SpaceX will use water from Gibbons Creek Reservoir for the facility.
- Local residents have expressed concerns about tax breaks and transparency, while school district officials anticipate benefits and opportunities.