• CONTACT
  • MARKETCAP
  • BLOG
Coin Mela Coin Mela
  • Home
  • News
    • All News
    • Bitcoin
    • Ethereum
    • XRP
    • Altcoins
    • NFT
    • Blockchain
    • Web3
    • DeFi
    • Finance
    • Stocks
    • Company
  • Learn
  • Market
  • Advertise
Reading: Elon Musk Unveils Ambitious Chip-Building Plans for Tesla and SpaceX
Share
  • bitcoinBitcoin(BTC)$68,217.00
  • ethereumEthereum(ETH)$2,058.57
  • tetherTether(USDT)$1.00
  • binancecoinBNB(BNB)$627.95
  • rippleXRP(XRP)$1.38
  • usd-coinUSDC(USDC)$1.00
  • solanaSolana(SOL)$86.61
  • tronTRON(TRX)$0.309043
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.00
  • dogecoinDogecoin(DOGE)$0.090934
CoinMelaCoinMela
Font ResizerAa
  • Home
  • News
  • Learn
  • Market
  • Advertise
Search
  • Home
  • News
    • All News
    • Bitcoin
    • Ethereum
    • XRP
    • Altcoins
    • NFT
    • Blockchain
    • Web3
    • DeFi
    • Finance
    • Stocks
    • Company
  • Learn
  • Market
  • Advertise
Have an existing account? Sign In
Follow US
© Coin Mela Network. All Rights Reserved.
Finance

Elon Musk Unveils Ambitious Chip-Building Plans for Tesla and SpaceX

News Desk
Last updated: March 23, 2026 2:52 am
News Desk
Published: March 23, 2026
Share
GettyImages 2207245107 1

Elon Musk has recently unveiled an ambitious initiative aimed at addressing the semiconductor shortages impacting his companies, Tesla and SpaceX. During an event held in downtown Austin, Texas, Musk revealed plans for a collaborative chip-building facility, termed the “Terafab.” According to reports, this facility is set to be constructed near Tesla’s headquarters and its gigafactory.

Musk articulated the urgency behind this project, emphasizing that the current pace of chip production from existing semiconductor manufacturers is insufficient for the growing demands of artificial intelligence and robotics at his companies. “We either build the Terafab or we don’t have the chips, and we need the chips, so we build the Terafab,” he stated.

The proposed Terafab facility aims to produce chips capable of delivering between 100 and 200 gigawatts of computing power annually on Earth, with an ambitious target of generating one terawatt of computing power for use in space. However, details regarding the project’s timeline have not been disclosed.

While Musk continues to push forward with this innovative endeavor, he faces skepticism given his lack of experience in semiconductor manufacturing. Historical precedents have also shown that Musk has a tendency to overpromise on certain goals and timelines. This new venture epitomizes his relentless pursuit to overcome technological barriers, although it remains to be seen how these plans will unfold in the rapidly evolving tech landscape.

No content provided to base a news title on.
France Faces Political Turmoil as Prime Minister Bayrou Resigns After Confidence Vote
Nvidia shares rise on report of potential approval to sell Hopper chips to China
Volkswagen’s ID. Polo Marks the Return of Real Buttons in Cars
Polymarket Traders Bet on Bitcoin’s Price Momentum in Real Time
Share This Article
Facebook Whatsapp Whatsapp
ByNews Desk
Follow:
CoinMela News Desk brings you the latest updates, insights, and in-depth coverage from the world of cryptocurrencies, blockchain, and digital finance.
Previous Article 62331c51e4ccd563cf8e2c1106f81e58 Bitcoin Shows Resilience Amid Broader Market Decline During Iran Conflict
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular News
62331c51e4ccd563cf8e2c1106f81e58
Bitcoin Shows Resilience Amid Broader Market Decline During Iran Conflict
98254fcc4dc3336d15930c8d59d3195d
Evernorth Files For Nasdaq IPO With $1 Billion XRP Treasury
urlhttps3A2F2Fg.foolcdn.com2Feditorial2Fimages2F8606472Finvestor analyzing cryptocurrency c
Best Cryptocurrencies to Buy the Dip Amid Market Slump
- Advertisement -
Ad image

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Coin Mela Coin Mela
CoinMela is your one-stop destination for everything Crypto, Web3, and DeFi news.
  • About Us
  • Contact Us
  • Corrections
  • Terms and Conditions
  • Disclaimer
  • Privacy Policy
  • Advertise with Us
  • Quick Links
  • Company
  • Finance
  • News
  • Stocks
  • Bitcoin
  • XRP
  • Ethereum
  • Altcoins
  • Blockchain
  • DeFi
© Coin Mela Network. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?