Terafab
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SpaceX wins Texas county approval for reinvestment zone tied to Terafab chip facility
SpaceX wins Texas county approval for reinvestment zone tied to Terafab chip facility ANDERSON, Texas/NEW YORK, June 3 : SpaceX won approval for a reinvestment zone in Texas on Wednesday despite fierce opposition from residents, clearing a key hurdle for a proposed $119 billion Terafab semiconductor manufacturing complex. The project is central to SpaceX's efforts to expand beyond rockets and satellite communications into advanced computing infrastructure and domestic chip production —...
SpaceX wins Texas county tax incentives for Terafab chip project despite local opposition
SpaceX wins Texas county tax incentives for Terafab chip project despite local opposition ANDERSON, Texas/NEW YORK, June 3 : SpaceX secured tax incentives on Wednesday for its proposed Terafab chip manufacturing project in Grimes County, Texas, despite fierce opposition from residents who warned the development could strain local resources and transform the rural community. The project is central to SpaceX's efforts to expand beyond rockets and satellite communications into advanced...
Elon Musk to Attend ASML’s Private Tech Event to Discuss Terafab
Elon Musk Photographer: Andrew Harnik/Getty Images
SpaceX wins tax exemption for $55bn AI chip plant despite local backlash
Elon Musk’s Terafab plant sparks fierce opposition and threat of legal action from residents of Texas county
Why Elon Musk says ASML is the greatest company in Europe
For Elon Musk’s ambitious Terafab project in Texas to be successful, Musk is going to need lots of ASML’s industry-leading lithography machines.
Musk tells Jamie Dimon that America faces a catastrophic 'zero memory fab' crisis
SpaceX CEO Elon Musk recenlty virtually joined an event hosted by CEO Jamie Dimon at JPMorgan’s office in New York. Shared on social media platfrom X, the conversation between the two CEOs ranged from SpaceX’s financial trajectory to bold visions of lunar AI data centers and the looming semiconductor crisis in the United States. While Musk confirmed SpaceX’s decision to go public, he stressed that the lack of domestic high-volume computer memory manufacturing poses a far greater threat to...
SpaceX eyes $75 billion IPO, valuing company at $1.77 trillion
SpaceX eyes $75 billion IPO, valuing company at $1.77 trillion SpaceX, Elon Musk’s rocket and satellite company, said on Wednesday it plans to raise about $75 billion in an initial public offering, valuing the company at $1.765 trillion. The company will offer 555.6 million shares at $135 each, surpassing Saudi Aramco’s record $25.6 billion IPO in 2019. SpaceX, the rocket and satellite company led by US billionaire Elon Musk, aims to raise approximately $75 billion in a record initial public...
Alphabet taps Intel to make three million in-house chips, The Information reports
Alphabet taps Intel to make three million in-house chips, The Information reports June 8 : Alphabet's Google has placed an order with Intel to manufacture more than three million tensor processing units in 2028, The Information reported on Monday, citing people with direct knowledge of the discussions. Nvidia has not placed an order with Intel yet, but has been evaluating whether the company's technology can be used to make a processor that combines four graphics chips into a single unit,...
SpaceX aims to raise record $75 bn in stock market debut
SpaceX aims to raise record $75 bn in stock market debut Andrew Zinin Lead Editor SpaceX, the rocket and satellite company led by US billionaire Elon Musk, aims to raise approximately $75 billion in a record initial public offering, the company said in a regulatory filing on Wednesday, valuing the company at $1.765 trillion. SpaceX said it will put up for sale 555,555,555 shares at an initial price of $135 each. Should the IPO proceed, Musk's company would shatter the fundraising record...
We're starting a position in a chipmaker that is benefiting from the AI boom in multiple ways
Shortly after the opening bell, we will be initiating a position in Intel , buying 400 shares at roughly $114. Following the trade, Jim Cramer's Charitable Trust will own 400 shares of INTC with a weighting of about 1.10%. We're jumping on the recent pullback in Intel to initiate a new position in this chipmaker.