Tesla CEO Elon Musk Eyes Gigantic Chip Fab To Power AI Ambitions

Benzinga

Elon Musk said Tesla may build its own “gigantic” chip fabrication plant to meet future AI and robotics demand, as current suppliers TSMC and Samsung can’t produce enough. He also announced that Tesla will begin production of its autonomous, no-steering-wheel Cybercab in April, underscoring Tesla’s shift toward AI-driven transportation.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Tesla CEO Elon Musk said Thursday the company may need to build a gigantic semiconductor fabrication

00:07plant to meet a demand for its AI and robotics projects, that according to CNBC. Speaking of

00:12Tesla's annual shareholder meeting, Musk said the automaker currently relies on TSMC and Samsung

00:17for chip production, but even their best-case output is insufficient. He added that Tesla's

00:22TerraFab could eventually reach out to 1 million wafer starts per month, compared with TSMC's 1.42

00:28million. Musk also announced production of Tesla's pedal and steering wheel-free autonomous

00:33CyberCab to begin in April, highlighting Tesla's growing focus on AI and robotics as key to future

00:38economic expansion. For all things money, visit Benzinga.com.

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