TESLA TO SPEND $3 BILLION ON ‘RESEARCH FAB,' USE INTEL TECH

Summary from the TLDR newsletter

Tesla plans to spend roughly $3 billion on building a research chip factory in Texas. The research facility will be built on Tesla's existing Giga Texas campus. It will be capable of outputting just a few thousand wafers per month, but it is more of a testing ground for new technologies and processes than a mass manufacturing facility. Tesla plans to leverage Intel's most advanced production process, 14A, which should be mature and ready by the time Tesla's plan scales up.