Intel Stock Jumps Following Elon Musk Chip Deal. Why the Turnaround Is Gaining Steam.

SpaceX and Tesla are tapping Intel to help the pair realize their AI dreams. “Terafab” is Elon Musk’s plan to vertically integrate into semiconductor production, which he believes will be a key bottleneck for AI in the coming years. The fab is a joint effort between Musk’s xAI, SpaceX, and Tesla, which he calls “the most epic chip building exercise in history.”