Elon Musk has said his companies will use Intel’s latest technology in their “Terafab” project, giving a boost to the US chipmaker’s manufacturing turnaround.
Intel shares rose about 3 per cent in after-hours trading on Wednesday after Musk said Tesla and SpaceX would deploy its “14A” manufacturing process in their giant semiconductor facility.
Intel has spent billions of dollars attempting to catch up to Taiwan’s TSMC to offer the most advanced chipmaking technology. But it has yet to publicly confirm it has secured any customers for its 14A technology, which is still being tested by potential Big Tech clients.
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