Elon Musk to start building Terafab project this week

What happened

Elon Musk announced plans to start building the 'Terafab' project within seven days, with an ultimate goal of reaching 1 million wafers per month capacity by 2030, requiring an investment of $20-25 billion. The project is driven by Tesla's perceived need for greater chip volume, despite existing partnerships with Samsung and potential collaboration with Intel. Watch: Long-term, large-scale capacity addition could alter supply dynamics, but the distant 2030 timeline and initial 'small-scale' testing phase create significant uncertainty for near-term trading.

Impact and signal

Affected components and suppliers

Source and time

Source: Electronics Weekly · 3/15/2026 · View original source