Intel Confirms Ongoing Involvement in Musk’s Terafab Project Amid TSMC Speculation

Huo Xing Finance reports that on October 7, according to Bloomberg, Intel CEO Chen Liwu stated during an interview in Tokyo on October 7 that Intel will continue to participate in Musk’s Terafab project. Intel signed on as a development partner for the project in April this year, and this statement indicates the company has not withdrawn from the project. Previously, Musk revealed that he was discussing potential collaboration with TSMC on Terafab, sparking market concerns that Intel’s role in the project might be affected by TSMC’s involvement, causing Intel’s stock to briefly drop 3.9%. Terafab is Musk’s key initiative to enter the advanced chip manufacturing sector. As AI infrastructure continues to expand, global demand for chips and related equipment is growing, putting pressure on multiple segments of the supply chain. Bloomberg previously reported that Musk has urged suppliers to accelerate progress on Terafab, with suppliers of ball bearings, chip manufacturing equipment, industrial chemicals, and rails all currently operating at high capacity.