Intel shares firm as CEO, Musk clarify Terafab AI role
Barron's reported Intel shares held up during the chip-sector slump after CEO Lip-Bu Tan and Elon Musk clarified Intel’s role in the Terafab AI chip project.
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Intel shares rise as CEO clarifies Terafab AI chip role
Intel CEO Lip-Bu Tan said the company will continue working on the Terafab AI chip project, while Elon Musk played down any involvement by TSMC. Intel shares were up early Wednesday as the chip sector fell.
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.
Musk: TSMC might sublease part of Terafab if they want
Elon Musk stated that TSMC might sublease part of the Terafab facility if they wish, but added that it would be nothing more than that. He also commented that the company will build and run the fab.
Musk: TSMC May Sublease Terafab Space If Desired
Elon Musk stated that TSMC might sublease part of the Terafab facility if they wish, but indicated no further expansion or commitment.