Elon Musk announces plan for world’s largest chip manufacturing plant | The IndependentNotifications can be managed in browser preferences.Jump to contentIndependentSwipe for next articleIndependent Bulletin homepageDownload our appAllNewsSportCultureLifestyleAnthony CuthbertsonMonday 23 March 2026 13:02 GMTAged Musk, Bezos and Altman appear in ad predicting dystopian AI futureElon Musk announced TeraFab, a joint venture between Tesla and SpaceX, to construct the world's largest computer chip facility.The project, estimated to cost at least $20 billion, aims to produce 50 times the current annual global output of AI chips.Production will commence at Tesla's headquarters in Austin, Texas, manufacturing chips for self-driving vehicles, robots, and space-hardened chips.Musk envisions these chips powering AI robotics and future space-based data centers, citing potential for lower costs and higher efficiency.TeraFab has an aggressive timeline, with early production slated for next year and mass production targeted for 2028.In fullElon Musk unveils TeraFab project to create ‘galactic civilisation’Thank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in