Intel will stay on as a participant in Elon Musk’s Terafab project, according to comments made by Intel CEO Lip-Bu Tan in Tokyo on Oct. 7 and reported by Bloomberg. Intel had already signed on in April as a development partner, and Tan’s latest remarks indicate the company has not stepped away from the effort.
The clarification came after Musk said he was discussing potential cooperation on Terafab with Taiwan Semiconductor Manufacturing Co. (TSMC). That disclosure stirred concern in the market that Intel’s role in the project could be diluted if TSMC became involved. Intel shares at one point fell 3.9%.
Terafab is described as an important part of Musk’s push into advanced chip manufacturing. Bloomberg had previously reported that Musk asked suppliers to accelerate work on the project. Suppliers of ball bearings, chipmaking equipment, industrial chemicals and guide rails were said to be operating under heavy loads, reflecting broader capacity strain as AI infrastructure buildout continues to drive demand for chips and related equipment.
Intel will continue to participate in Elon Musk’s Terafab project, Intel CEO Lip-Bu Tan said in an interview in Tokyo on Oct. 7, according to Bloomberg.
Intel signed on in April this year as a development partner for the project. Tan’s latest remarks indicate that the company has not withdrawn from Terafab.
The statement followed earlier comments from Musk that he was discussing potential cooperation on Terafab with Taiwan Semiconductor Manufacturing Co. That raised market concern that Intel’s role in the project could be affected if TSMC joined. Intel shares at one point fell 3.9%.
Terafab is an important part of Musk’s plan to expand into advanced chip manufacturing. Bloomberg previously reported that Musk had asked suppliers to speed up work on the project, while suppliers of ball bearings, chipmaking equipment, industrial chemicals and guide rails were already operating under heavy loads.
As AI infrastructure keeps expanding, global demand for chips and related equipment has been rising, putting capacity pressure on multiple parts of the supply chain.
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