Elon Musk stated that every chip he can buy today only covers about 2% of what his companies actually need. Rather than wait for the rest of the world to catch up, he announced TeraFab on Saturday night, a chip factory in Austin and a joint venture between Tesla and SpaceX.
The announcement came via a livestream broadcast from the old Seaholm Power Plant in downtown Austin. “We either build the TeraFab, or we don’t have the chips, and we need the chips, so we’re going to build the TeraFab,” Musk said. The facility will be built on the Tesla campus in eastern Travis County.
Why is this announcement such a big deal?
What makes TeraFab different from existing chip manufacturers is its layout. The entire process, from creating lithography masks and making logic and memory chips to packaging and testing, will all take place under a single roof. Musk
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