SpaceX Plans to Invest $55 Billion in Texas to Build an AI Chip Factory
According to The New York Times and CNBC, SpaceX plans to invest at least $55 billion in Austin, Texas to build an AI chip manufacturing plant called "Terafab" to apply for tax incentives. The project originated from a public hearing notice in Grimes County, and if the construction phase is added, the total investment could reach $119 billion. Elon Musk first announced this ambitious plan in March.
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