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To this, Elon Musk replied to Wei's recent statement, and clarified that SpaceX & Tesla will always be major customers of TSMC, and not competitors in the normal sense of the word.
Large customers like Apple are exploring Intel and Samsung. And Elon Musk's Terafab is also working with Intel’s foundry. This raises longer-term competitive risks for TSMC's foundry market share.
For Q1 FY26, TSMC is reporting a revenue of $35.9 billion, up 6.4% Q-Q. During the earnings call, TSMC's Chairman and CEO, C.C. Wei, highlighted the company's current foundry ventures, updates on upcoming nodes, and also stated what he thinks about the competition & the situation regarding the current supply chain. Starting first with Intel, and its recent alliance with Tesla on the Terafab project, C.C.
During TSMC's earnings call this week, CEO C.C. Wei responded to the Terafab project, stating that Intel and Tesla are both customers and competitors of TSMC.
TSMC perfected the pure-play foundry model: build the most advanced manufacturing capabilities, then rent them to fabless chip designers like Apple, NVIDIA, and Qualcomm. It’s a capital-intensive but wildly profitable approach—TSMC captures roughly 54% of global foundry revenue by being everyone’s manufacturer and no one’s competitor.
SpaceX could invest as much as $119 billion to build its Terafab, a proposed semiconductor manufacturing and computing fabrication facility in Texas, according to local documents tied to a tax abatement request.
SpaceX needs radiation-hardened processors for Starlink satellites and Starship missions. xAI seeks unparalleled capacity for advanced AI training. The long term goal is to produce over one terawatt of annual computing power, which would dwarf much of today’s global output, while building end to end capabilities from design and lithography to fabrication, packaging, and testing. With Intel as a key technology partner on nodes like 14A, Terafab promises to onshore critical supply chains and reduc
SpaceX wants to build a massive semiconductor and advanced computing facility in Grimes County, Texas. They call it Terafab. The plan involves multi-phase manufacturing, a potential $55 billion upfront investment, and maybe even $119 billion ...
The company estimates it may spend a total of $119 billion on the project, which would be a “multi-phase, next-generation, vertically integrated semiconductor manufacturing and advanced computing fabrication facility,” according to the filing.
SpaceX is planning to spend at least $55 billion on its “Terafab” AI chip manufacturing plant in Texas.
What makes this announcement unusual is its timing. Rather than seeking federal CHIPS Act funding upfront, Terafab appears to be self-financed in its early stages, with the tax abatement request serving as the primary public incentive.
Musk's company, SpaceX, has filed plans to invest $55 billion in building a semiconductor manufacturing facility, dubbed Terafab, which Tesla and SpaceX will jointly operate. According to a public notice filed with the Grimes County Commissioner's ...
SpaceX has made no indication as yet on whether or not it intends to take advantage of the chips and Science Act incentives. SpaceX files for $55 billion semiconductor fab in rural Texas for Musk's Terafab â total chipmaking fab investment ...
The TeraFab emerges when the U.S. is seeking to regain semiconductor manufacturing capacity. The CHIPS Act, investments by Intel, TSMC’s Arizona plant, Samsung’s Texas facilities, and new advanced packaging projects reflect shared concern: dependence on Asia for critical technology vital to defense, cloud, automotive, telecommunications, and AI.
The Terafab project is positioned to supply chips for SpaceX, Tesla, and xAI, reducing dependency on foreign manufacturers such as TSMC and Samsung. Texas has become a semiconductor hub due to low energy costs, favourable regulation, and available land, aligning with U.S. goals under the CHIPS and Science Act to boost domestic production.
Earlier this week, Elon Musk officially announced the Terafab Initiative, a Texas-based chip fabrication facility intended to produce processors for Tesla (TSLA), SpaceX, and xAI.
The capital-intensive project may be driving SpaceX's decision to go public, which could bring in $40 billion to $80 billion from investors, according to The Wall Street Journal. The company, which recently acquired xAI, announced several days after Musk’s Terafab announcement that the company could file paperwork to go public within the week, with an initial public offering expected sometime in June.
Here’s the latest: The estimated capital investment for the initial phases of the Terafab project is $55 billion, with an estimated total capital investment (if additional phases are constructed) of $119 billion, according to a filing by SpaceX.
According to Musk, the TeraFab will make two different types of chip - one for Edge inference workloads, suitable for vehicles and robots, and another, more powerful, line of semiconductors, hardened for space environments.
The initial phase of SpaceX and Tesla’s joint chip production effort, called Terafab, could cost $55 billion, with additional phases adding up to $119 billion in capital investment, Reuters reports, citing a notice posted on a Texas county website.