TESLA, SPACEX PLAN TO BUILD NEW CHIP FACTORY IN TEXAS

Summary from the TLDR newsletter

Tesla and SpaceX will team up to build a massive new chip factory in Austin, Texas, to support Elon Musk's plans for AI, robots, and human settlements in space. The Terafab facility will make the chips Tesla will use in its vehicles and Optimus humanoid robots, and chips optimized for use in space. It will be stocked with equipment that will allow the company to run a quick feedback loop and a super-high production rate. Taking on a chip fab is a big undertaking, as the facilities are expensive to build and can take years to fully develop.