TESLA, SPACEX CONFIRM ‘TERAFAB' CHIP FAB SITE — $16.8B FIRST PHASE

Summary from the TLDR newsletter

Tesla and SpaceX will build their Terafab megafactory in Grimes County, Texas. Terafab will combine logic, memory, packaging, and testing under one roof. The initial phase will cost roughly $16.8 billion, with the finished site spanning more than 100 million square feet. SpaceX is aiming to produce over a terawatt of compute per year at the site.