Elon Musk announces Terafab project he claims will be the 'largest chip manufacturing facility ever'

Elon Musk announced the Terafab project, a $20 billion joint venture between Tesla, SpaceX, and xAI to create the "largest chip manufacturing facility ever." The facility will produce a terawatt of computing power annually, addressing the companies' massive chip demand that current suppliers can only meet at two percent capacity. Starting in Austin, Texas, Terafab will manufacture chips for self-driving cars and robots, plus space-grade chips for Musk's planned million-satellite orbital data center.