US stock movement | Announced joining the Terafab project led by Elon Musk Intel (INTC.US) rose nearly 3%

LootboxPhobia · 2026-04-07T23:21:34+00:00

Intel announces its participation in Elon Musk's Terafab project, collaborating with Tesla, SpaceX, and xAI to overhaul chip manufacturing technology, with an expected annual production of 1TW of computing power, driving the development of AI and robotics technology. Intel's CEO described this partnership as a major transformation needed in the semiconductor industry.

LootboxPhobia

2026-04-07 23:21:34

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Zhitong Finance APP reports that on Tuesday, Intel (INTC.US) rose by nearly 3%, with a cumulative gain of 40% year to date. On the news front, Intel announced that it has joined the Terafab program led by Elon. Musk, which—together with Tesla, SpaceX, and xAI—will help to help rework chip manufacturing technology. Intel said that its ability to design, manufacture, and package high-performance chips at scale will help accelerate Terafab in achieving its goal: producing 1TW of computing capacity every year, to drive the future development of artificial intelligence and robotics technology.

Intel CEO Chen Liwu said that Elon. Musk has made outstanding achievements in reshaping the entire industry. This is what today’s semiconductor manufacturing industry needs. Terafab represents a major transformation in future silicon logic, memory, and packaging manufacturing approaches. Intel is honored to be a partner, and will work closely with Elon. Musk to jointly advance this highly strategic project.

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