Elon Musk reportedly contacts TSMC, Intel CEO Pat Gelsinger quickly responds: Terafab collaboration continues

Zhitong Finance APP reported that Intel (INTC.US) CEO Pat Gelsinger stated that the company will continue to cooperate with Elon Musk on the Terafab project. This is a bold attempt by the billionaire to venture into advanced chip manufacturing.

Earlier this week, Musk said he was in talks with TSMC regarding collaboration on Terafab. This news dampened investor sentiment towards Intel—the company had signed on as a development partner for Terafab in April this year.

Pat Gelsinger told the media before an event in Tokyo commemorating the US company's 50th anniversary in the Japanese market that Intel would continue to participate in the Terafab project.

The Terafab project is part of a global wave of governments and enterprises racing to expand production capacity for semiconductors and other key components, which are essential for accelerating the rollout of artificial intelligence applications.

From ball bearings, chip equipment, and industrial chemicals to sliding rails, the production capacities of factories for all types of products have reached their limits, prompting companies to build more production lines.