Bloomberg reports that Musk shared his plans on Saturday night at an event in downtown Austin, Texas, with a photo suggesting that what Musk is calling the 'Terafab' facility will be built near Tesla's Austin headquarters and 'gigafactory.' Musk said he's pursuing this project because semiconductor manufacturers aren't making chips quickly enough for his companies' artificial intelligence and robotics needs: 'We either build the Terafab or we don't have the chips, and we need the chips, so we build the Terafab.' Actively scaling' Fundraising' Planning your next launch'TechCrunch Founder Summit 2026 delivers tactical playbooks and direct access to 1,000+ founders and investors who are building, backing, and closing.
learn more
