SpaceX has a $55 billion plan to build AI chips in Texas
The Verge1 min read
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Elon Musk's plans to get into the AI chip manufacturing business are going to be costly. As the The New York Times and CNBC report, SpaceX is planning to invest at least $55 billion into its "Terafab" chip plant in Austin, Texas.
That's according to the details of a public hearing notice filed in Grimes County, Texas, for a meeting to request tax breaks for the project. The company says that if additional phases are constructed, its investment could someday balloon to $119 billion total.
This is a summary. For the full story, read the original article at The Verge.
Original source: The Verge