Intel Joins Musk's 'Terafab' Project

The collaboration between Intel and Elon Musk marks a major step toward bringing high-end chip manufacturing back to the United States.

The 'Terafab' project is designed to power the next generation of robotics and humanoid technology by controlling the entire lifecycle of semiconductor production.

Shares of Intel jumped on the news, as investors see the deal as a critical validation of the company's foundry services.

The facility is expected to be one of the largest of its kind, aiming to reduce reliance on foreign supply chains for critical AI hardware.