Project
Terafab is a planned Texas semiconductor manufacturing project backed by Elon Musk, seeking chipmaking partners such as Intel and TSMC.
TSMC has confirmed talks with SpaceX on Terafab, wccftech.com reported, in the same week Elon Musk praised Micron's pricing on future memory. The Samsung-side complaints that followed rest on one engineer's unverified post on X.
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TSMC CEO C.C. Wei confirmed talks with Musk's Terafab on the third-quarter call and said TSMC must run any fab. Musk has said his companies will build and run it, so each side is claiming the operator's job.
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Barclays says Tesla and SpaceX could announce a merger before Tesla's annual meeting, which it expects by Dec. 6. Qz reported that broker non-votes, tallied against a proposal, were roughly 11% of outstanding votes at the 2025 meeting.
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TSMC's third-quarter net profit rose 68.7% to a record NT$763.1 billion, its sixth straight record. Its chief executive still said the company will be prudent in planning 2027, citing rising component prices.
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TSMC is forecast to report a record NT$746.3 billion third-quarter profit on October 15, up about 65% on the year. Revenue is already out, so the margin outlook and any change to the capex budget are the new information.
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Terafab will reportedly receive its first ASML EUV scanner in mid-2027, months before SemiAnalysis expects the shell of its development fab to be done. That is about three years ahead of the projected volume date at the Grimes County fab.
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Elon Musk says Terafab will build and run its own chip fab, and TSMC could at most sublease part of it. Anyone counting on Terafab capacity is therefore planning around a Musk-controlled site whose Intel licence terms are still unpublished.
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Intel shares fell 4% after Elon Musk confirmed on October 3 that Terafab is in early talks with TSMC on chipmaking in Texas. There is no agreement yet, so the drop prices the chance that Intel ends up sharing Terafab's work with a second foundry.
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Lip-Bu Tan told a Splunk keynote in Denver that relying on one Taiwan-based company for 95% of AI chip production is very risky. The one 14A commitment he can point to, Terafab, ships its first product in mid-2028.
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Intel closed at $104.47, roughly 92 times the $1.14 it is expected to earn this year. Of the three legs holding that price up, only the data centre line is already in the accounts. October's CPU increase is still a supply chain report.
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Starbase Louisiana turns Starship scaling into a fixed-capex problem. At 30 flights a day the pads cost about $913,000 a launch to amortize; at 1,000 flights a year they cost $10 million.
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Project Crystal Sun lands on top of $16.8 billion for Terafab. The incentive requested is a 10-year property tax abatement, and the filing names an unspecified alternative site outside Texas.
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