Update: Market Chatter: Intel to Continue Working With Elon Musk on Terafab Project, CEO Says
MT newswire2026/10/07 09:5005:50 AM EDT, 10/07/2026 (MT Newswires) -- (Updates with Elon Musk's comment in an X post in the third paragraph.) 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. Responding to a post on X suggesting that a potential deal would likely result in TSMC owning and operating the chip fab, Musk wrote, "No, we will build and run the fab. Let there be ZERO doubt about that." Must clarified that TSMC could potentially sublease part of the Terafab, "but nothing more than that," according to the post. Intel didn't immediately respond to MT Newswires' request for comment. Intel shares were up 1.6% in premarket activity, while Taiwan Semiconductor fell 1.3%. (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.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barclays significantly increased holdings in Tesla (TSLA.US) and Intel (INTC.US) in Q3, and bought Nasdaq ETF options for hedging
According to disclosures by the U.S. Securities and Exchange Commission (SEC), Barclays has submitted its third-quarter holdings report (13F) as of September 30, 2026.
SNT Holdings, Related Party Raise Combined Stake in SNTEnergy to 55.75% From 52.75%
Cold wave and rising fuel costs drive electricity prices in northeastern Japan and Tokyo to a four-year high
Japan's spot electricity prices surged to multi-year highs over the weekend.
Google (GOOGL.US) warns that new Australian cybersecurity regulations may cut off minors' access to Gmail
Google stated that a new cybersecurity bill in Australia could prevent minors from using Gmail.
Crypto prices
More
