Intel to join Musk’s Terafab mega AI chip project

April 7 (Reuters) – Intel said on Tuesday it would join Elon Musk’s ‌Terafab AI chip complex project along ‌with SpaceX, Tesla and xAI.

Last month, Musk said his ​rocket company SpaceX – which recently merged with his social media and artificial intelligence company xAI – and EV firm Tesla would ‌build two advanced ⁠chip factories at a sprawling facility in Austin, Texas, one to ⁠power cars and humanoid robots and another designed for AI data centers in ​space.

SpaceX, which ​confidentially filed for ​a U.S. initial ‌public offering last week, plans a market launch later this year.

“Our ability to design, fabricate, and package ultra-high-performance chips at scale will help accelerate Terafab’s aim to ‌produce 1 terawatt per ​year of compute to ​power future advances ​in AI and robotics,” Intel ‌said in a post ​on social ​media platform X.

Shares of Intel were up about 2% in early trading. They ​have ‌risen around 38% so far this year.

(Reporting ​by Deborah Sophia in Bengaluru; ​Editing by Pooja Desai)