Intel signs on to Elon Musk’s Terafab chips project
Intel will join SpaceX and Tesla in an effort to build a new U.S. semiconductor factory in Texas, although the scope of its contributions are unclear.
Intel will join SpaceX and Tesla in an effort to build a new U.S. semiconductor factory in Texas, although the scope of its contributions are unclear.
The two tech giants are looking to co-develop custom chips, at a time when demand for CPUs is high due to a growing global shortage.
The project would be a “multi-phase, next-generation, vertically integrated semiconductor manufacturing and advanced computing fabrication facility,” according to the proposal.
Intel’s stock has risen a stunning 490% over the past year, a bet by Wall Street that may be running well ahead of the company’s actual turnaround.
AI chip maker SambaNova has raised at an $11 billion valuation months after Intel was rumored to be trying to buy it for about $1.6 billion.