Elon Musk to build advanced chip factories in Austin, Texas, for SpaceX and Tesla

Elon Musk plans to build a 100 million-square-foot chip manufacturing facility in Austin, Texas, called Terafab, valued at up to $25 billion. The factory will produce semiconductors for both terrestrial and space applications serving SpaceX and Tesla.

The 100 million-square-foot facility will make two kinds of chips for terrestrial and space applications. The Terafab project is reportedly valued at up to $25 billion.

This story was originally published by Construction Dive.