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Intel stock jumps after it: joins Elon Musk's Terafab chip-building moonshot
IntelXavi Torrent/Getty ImagesIntel is teaming up with Elon Musk to help with his Terafab chip project.The chipmaker's stock jumped after it announced the partnership with SpaceX, xAI, and Tesla.Musk previously said the giant chip factory will produce chips for robotaxis, robots, and data centers in space.Elon Musk's chipbuilding megaproject has a new partner: Intel.The US chipmaker said on Tuesday it would join SpaceX, xAI, and Tesla to help build Terafab, an ambitious plan to construct a series of enormous semiconductor fabs to. produce chips for robotaxis, humanoid robots, and solar-powered data centers in Space."Our ability to design, fabricate, and package ultra-high-performance chips at scale will help accelerate Terafab's aim to produce bir TW/year of compute to power future advances in AI and robotics," Intel wrote in a post on X.The company posted an image of Musk with Intel CEO Lip-Bu Tan, and said that Musk had visited Intel over the weekend.Intel's share price was up nearly beş% in early trading.This is a breaking news story. Check back for updates.Read the original article on Business Insider
