Musk says SpaceX and Tesla to build advanced chip factories in Austin
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Iran, U.S. trade barbs as Hormuz tensions grow amid Trump’s 48-hour ultimatum Spike in oil prices seen as ’a clear risk for consumer equities’ Who is wealthier - US or Eurozone? Will the Middle East Conflict Speed Up the Energy Transition? (South Africa Philippines Nigeria) Musk says SpaceX and Tesla to build advanced chip factories in Austin By Stock Markets Published 03/22/2026, 05:45 PM Updated 03/22/2026, 05:48 PM Musk says SpaceX and Tesla to build advanced chip factories in Austin 2 TSLA -3.24% By Joe Brock LOS ANGELES, March 22 - SpaceX and Tesla will build two advanced chip factories at a sprawling facility in Austin, Texas, one to power cars and humanoid robots, and another designed for artificial intelligence data centers in space, CEO Elon Musk said on Sunday. The comments followed Musk’s announcement a day earlier of plans to build “Terafab,” an advanced AI chip complex in Austin. “Terafab will technically be two fabs, each making only one chip design,” Musk wrote in a post on X. Musk has previously said Tesla would need to build its own AI chip plant, but the involvement of SpaceX had not been disclosed. SpaceX, which is preparing for a public listing that could value the company at around $1.75 trillion, recently merged with Musk’s social media and artificial intelligence firm xAI. “We either build the Terafab or we don’t have the chips,” Musk said during a presentation in an Austin facility on Saturday, adding current global chip production would meet only a small fraction of his companies’ future needs. Musk did not give a timeline for the new project. Musk has a track record of announcing highly ambitious projects, though several have faced delays or fallen away. Musk said he was grateful to existing chip suppliers, naming Samsung, TSMC and Micron, but said demand from his companies would eventually exceed total global chip output. Terafab will eventually produce one terawatt of computing cap...
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