The Verge
US · 1 hrs ago
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SpaceX has a $55 billion plan to build AI chips in Texas
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SpaceX plans to invest at least $55 billion to build an AI chip manufacturing facility called Terafab in Austin, Texas, with potential expansion costs reaching $119 billion, according to a public hearing notice filed in Grimes County.
SpaceX has a $55 billion plan to build AI chips in Texas
Elon Musk's plans to get into the AI chip manufacturing business are going to be costly. As the New York Times and CNBC report, SpaceX is planning to invest at least $55 billion into its "Terafab" chip plant in Austin, Texas. That's according to the details of a public hearing notice filed in Grimes County, Texas, for a meeting to request tax breaks for the project.
The company says that if additional phases are constructed, its investment could someday balloon to $119 billion total. When Musk i
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