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Elon Musk said Tesla and SpaceX will own and run the planned Terafab factory, and that TSMC may only sublease part of it. He also said Grok will route queries to multiple rival AI models through its interface.
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.
Elon Musk said Intel will build and run the Terafab chip plant, pushing back against speculation that TSMC would play a larger role. Intel CEO Lip-Bu Tan separately said the company’s involvement will continue.
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.
By Barbara Kollmeyer Musk clarifies TSMC's involvement in planned fab Intel CEO Lip-Bu Tan pictured at an event in Taipei on June 2, 2026. The CEO and Elon Musk came out swinging over speculation Intel won't have a starring role in the Terafab chip-making project. Elon Musk and the chief executive officer of Intel on W
Elon Musk and Intel CEO Lip-Bu Tan have addressed speculation regarding Intel's involvement in the Terafab chip-making project, clarifying the company's role.