Intel said today it would join Elon Musk’s Terafab AI chip complex project along with SpaceX, Tesla and xAI.
Last month, Musk said his rocket company SpaceX – which recently merged with his social media and artificial intelligence company xAI – and EV firm Tesla would build two advanced chip factories at a sprawling facility in Austin, Texas.
One will power cars and humanoid robots and the other will be designed for AI data centres in space.
SpaceX, which confidentially filed for a US initial public offering last week, plans a market launch later this year.
“Our ability to design, fabricate, and package ultra-high-performance chips at scale will help accelerate Terafab’s aim to produce 1 terawatt per year of compute to power future advances in AI and robotics,” Intel said in a post on social media platform X.
Shares of Intel were up about 2% in early trading. They have risen around 38% so far this year.