Elon Musk’s SpaceX plans to invest at least $55 billion to build a semiconductor manufacturing facility in Texas, according to a public notice Wednesday, producing chips for artificial intelligence, robotics and data centers in space.
The world’s richest person has said the facility, dubbed Terafab, would be run jointly by his electric-vehicle firm Tesla and his rocket company SpaceX.
Initial investment would be “$55 billion, with an estimated total capital investment (if additional phases are constructed) of $119 billion”, according to a notice of public hearing in Grimes County, Texas, where the facility will be located, about 70 miles (110 kilometers) northwest of Houston.
Terafab “would represent a transformative investment in domestic semiconductor manufacturing capacity”, according to a description of the project in the notice.
