Tesla to Invest $3B in Texas for Chip R&D Factory with SpaceX, Intel Involved

Published: Apr 23, 2026 09:07

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Tesla CEO Elon Musk said that Tesla plans to spend approximately $3 billion to build a chip R&D factory in Texas, as one of the early-stage moves in the company's effort to establish chip manufacturing capabilities at scale. The facility will be built within Tesla's Texas Gigafactory campus and will only be able to produce a few thousand chips per month, intended to serve as a testing ground for new technologies and processes. SpaceX will lead the early stages of the project, named Terafab, and Intel has signed on to support the effort, contributing its expertise in chip design, manufacturing, and packaging.

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