SpaceX announces $16.8B chip plant in Grimes County
Description
The company plans to build its first phase of the Terafab project in Grimes county, northwest of Houston.
Read more: https://www.kvue.com/article/news/local/grimes-county-texas-spacex-plant/285-77593643-b7d1-4eaf-9a4a-a3f1534abd0e
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Transcript
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Kind: captions Language: en SpaceX is expanding its Texas footprint with a major new semiconductor manufacturing facility. The company plans to build the first phase of the Terafab project in Grimes County, northwest of Houston. Governor Greg Abbott's office says it's a more than $16.8 billion investment expected to create 3,000 new jobs. The state is providing a $30 million Texas Enterprise Fund Grant in order to support this project. SpaceX says the facility will bring chip chip production under one roof and help meet its future demand for AI and other advanced technology.