Elon Musk plans $55B 'Terafab' semiconductor facility in Texas near College Station

Kind: captions Language: en Elon Musk is bringing together two of his companies for a huge investment into semiconductor manufacturing in Texas. The joint project would funnel $55 billion into building a new facility here in this state. It would be called Terafab, according to the filing made public this morning. Musk wants in-house access to those chips, but analysts say that the scale of that facility would require a far greater investment. The goal of the complex would be to boost semiconductor production here in the US. SpaceX indicates it could more than double its investment if the project expands. The facility right now is planned for Grimes County, which is just east of College Station.