Intel to join Musk on Terafab, lifting shares by 4.2%
taipeitimes.com Apr 9, 2026

Intel to join Musk on Terafab, lifting shares by 4.2%

AI-summarised brief · reviewed before publication

Intel is joining Elon Musk's Terafab project to develop semiconductors for Tesla and SpaceX, marking a twist in Intel's comeback bid. The partnership aims to produce 1 terawatt of computing power annually, rivaling Taiwan Semiconductor Manufacturing Co. Intel's shares jumped 4.2% after the announcement, as the company seeks to restore its status as a leading chipmaker under CEO Lip-Bu Tan's leadership.