Market Chatter: Intel to Continue Working With Elon Musk on Terafab Project, CEO Says
MT newswire2026/10/07 08:3304:33 AM EDT, 10/07/2026 (MT Newswires) -- Intel (INTC) will continue its involvement in the Terafab project, which is Elon Musk's attempt to break into the manufacturing of cutting-edge chips, Bloomberg News reported Wednesday, citing Intel Chief Executive Lip-Bu Tan. Tan's clarification comes after Musk recently said he was in talks with Taiwan Semiconductor Manufacturing (TSM) about a Terafab collaboration, according to the report. Intel didn't immediately respond to MT Newswires' request for comment. Intel shares were up 2.7% in premarket activity, while Taiwan Semiconductor fell 1.2%. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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