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Intel Confirms Continued Partnership in Elon Musk's Terafab Venture
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CNBC TV18•07-10-2026, 12:16
Intel Confirms Continued Partnership in Elon Musk's Terafab Venture
- •Intel Corp will continue collaborating with Elon Musk on the Terafab chipmaking venture, according to CEO Lip-Bu Tan.
- •Concerns had arisen after Musk mentioned discussions with Taiwan Semiconductor Manufacturing Co regarding the project.
- •Intel initially signed on as Terafab's development partner in April to help drive cutting-edge semiconductor production.
- •The Terafab project aligns with a global rush to boost semiconductor manufacturing capacity to support rapid AI adoption.
Key Questions Answered
Yes, Intel Corp. will continue its involvement and work with Elon Musk on the Terafab project, according to Chief Executive Officer Lip-Bu Tan, despite investor sentiment being impacted by Musk's discussions with Taiwan Semiconductor Manufacturing Co.
Intel signed on as a development partner for Elon Musk's Terafab chipmaking venture in April.
The global stampede to boost production of semiconductors and other components is driven by the need to speed up artificial intelligence adoption, with factories for diverse products operating at maximum capacity.
