TeraFab, a joint venture involving Tesla, SpaceX, Intel, and xAI, plans to build one of the largest semiconductor fabs in the world in Grimes County, Texas, with an initial investment of $55 billion and a projected total cost that could balloon to $119 billion. The facility will span approximately 10 million square meters and target one terawatt of processing power annually. Local authorities have granted exceptional tax incentives, including 100% tax abatements and PILOT arrangements, along with a $10 million payment to the school district, despite opposition from local residents over environmental and infrastructure concerns.
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