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The Independent UK
The Independent UK
Technology
Anthony Cuthbertson

Elon Musk unveils TeraFab project to create ‘galactic civilisation’

SpaceX and Tesla founder Elon Musk speaks during an America PAC town hall on 26 October, 2024 in Lancaster, Pennsylvania - (Getty Images)

Elon Musk has announced a joint venture between two of his companies, Tesla and SpaceX, to build the world’s biggest computer chip facility.

The TeraFab project, which is expected to cost at least $20 billion, will aim to manufacture 50 times the number of AI chips that all of the world’s major companies currently produce annually.

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