Terafab, the semiconductor project backed by Elon Musk’s Tesla, SpaceX and xAI, met with approximately 10 South Korean companies at SEMICON West in October 2026. The goal is to build a US chip manufacturing capacity of 1 million wafers per month within 10 years. HPSP and Hanmi Semiconductor have already secured orders, while the first phase of the Texas project is estimated at $16.8 billion, with total investment potentially reaching $119 billion. Intel became a strategic partner in April 2026, and negotiations with TSMC are ongoing.
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