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

Published: Apr 23, 2026 09:07

Save

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.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

4 mins ago

Data: SHFE, DCE market movement (Sep 21)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 21 Sep , 2026

4 mins ago

1 hour ago

[Market view: The global smartphone market will shrink by 12% in 2026, with the market structure tilting toward higher price segments]

Omdia's latest research shows that the global smartphone market is expected to shrink by 12% in 2026, but the total market value will increase by 12% to $651.6 billion. The market will tilt toward high-end products: the share of smartphones under $200 will drop significantly, while the share of high-end smartphones above $800 will rise to 28.4%.

1 hour ago

[SMM Tin News] US Makes Preliminary Anti-dumping Determination on Tinplate

On September 17, 2026, the US Department of Commerce issued a notice announcing its preliminary affirmative determination in the antidumping duty investigation on tinplate imported from China, preliminarily finding a dumping margin of 136.52% for Chinese exporters/producers (adjusted to 130.17% after offsetting subsidies as the cash deposit rate). Because the enterprises involved failed to respond to the investigation, the US reached its determination using adverse facts available. The products subject to this investigation are primarily classified under US HS codes 7210.11.0000, 7210.12.0000, 7210.50.0020, 7210.50.0090, 7212.10.0000, 7212.50.0000, 7225.99.0090, and 7226.99.0180.

1 hour ago