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Tesla and SpaceX will invest $16.8B to start building ‘Terafab’ chip factory in Texas

Tesla and SpaceX are set to invest a staggering $16.8 billion to build a new chip factory named Terafab in Grimes County, Texas. This initiative aims to create over 3,000 jobs and transform chip production in the region.

TechCrunch· Aug 6, 2026 · 5:20 PM · 219 views

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Tesla and SpaceX are set to invest a staggering $16.8 billion to build a new chip factory named Terafab in Grimes County, Texas. This initiative aims to create over 3,000 jobs and transform chip production in the region. Full story and more reels: https://newsreel.video #news #breaking #Tesla #SpaceX #technology #Texas #jobs #innovation

Originally reported by TechCrunch. Read the full story →

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