Musk rules out TSMC role in Terafab operations; Intel gains
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Dividend Yield: 1.4%
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- Elon Musk said Tesla and SpaceX will build and operate the planned Terafab AI chip complex in Texas.
- Musk said TSMC could potentially sublease part of the facility, but would have no broader role in running the fab.
- Terafab is a planned Tesla-SpaceX project aimed at building a large chip fabrication facility to produce AI chips.
- Musk’s comments come a week after he said Tesla and SpaceX had discussed potential cooperation with TSMC on the project.
- Intel shares are up 2.5% in premarket on Musk's comments
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