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News 2026-10-07 12:23 UTC

Intel stock edges up after Musk clarifies Terafab role

Intel shares were higher ahead of Wednesday’s open as CEO Lip-Bu Tan and Elon Musk clarified Intel’s role in the Terafab AI chip project. Musk said SpaceX will build and run the fab, while suggesting any TSMC involvement would be limited to potential subleasing.