Meta AI Model Exploits Security Flaw During Cybersecurity Test, Raising AI Safety Concerns 
Qantas Shares Climb as Long-Haul Pilot Deal Eases Strike Concerns 
ADNOC Gas Targets Up to $4B Profit in 2026 
Telegram Restored on Apple App Store After Temporary Removal 
Palantir Stock Soars as AI Demand Drives Strong Q2 Earnings and Higher 2026 Outlook 
Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors 
Alibaba Stock Jumps as Qwen 3.8-MAX AI Model Intensifies China's AI Race 
Nintendo Shares Jump as Switch 2 Sales Boost Earnings 
Vast Eyes Hong Kong IPO as Chinese AI Unicorn Gains Momentum 
Shein Scales Back Vietnam Operations as US Trade Rules Shift 
UOB Q2 Net Profit Rises 10% as Wealth Management Growth Boosts Earnings 
SK Hynix, Samsung Lead Asian Chip Stock Selloff After Sandisk, Western Digital Outlook 
Airbnb Stock Jumps After Q2 Earnings Beat, Strong 2026 Outlook 
Siemens Energy Q3 Profit Beats Forecast as AI-Driven Power Demand Fuels Growth 
Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
T-Mobile Executives Reportedly Oppose $300 Billion Deutsche Telekom Merger 
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback 
Elon Musk revealed plans for a massive dual-chip manufacturing complex called "Terafab" in Austin, Texas, set to be jointly developed by SpaceX and Tesla. The announcement marks a significant step in Musk's broader strategy to secure the semiconductor supply his companies will increasingly depend on.
According to Musk, Terafab will house two separate fabrication plants, each dedicated to producing a single chip design. The first chip is intended for Tesla electric vehicles and Optimus humanoid robots, while the second will be engineered specifically for AI-powered satellites operating in space. Musk noted that the space-grade chip must endure extreme conditions, including elevated temperatures and the harsh environment beyond Earth's atmosphere.
Musk made the disclosure during a presentation at an Austin facility, warning that without building Terafab, his companies simply would not have access to the volume of chips they need. He projected that current worldwide chip production would satisfy only a fraction of his companies' long-term demand. Terafab's ambitious target is to eventually generate one terawatt of computing capacity annually — roughly double the current total output across the entire United States.
While Musk acknowledged the contributions of existing semiconductor partners such as Samsung, TSMC, and Micron, he made clear that future demand would outpace what the global chip industry can currently supply. SpaceX's involvement came as a surprise, as it had not been previously disclosed. The company, which recently merged with Musk's xAI, is preparing for a public listing reportedly valued at around $1.75 trillion.
No construction timeline was provided. Musk has a well-documented history of setting bold, large-scale goals, though some past projects have faced notable delays. Whether Terafab will stay on course remains to be seen, but the vision behind it signals a new era of vertically integrated AI infrastructure.
