00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Elon Musk partnered with Intel on the TerraFab project to design, fabricate,
00:06and package ultra-high-performance chips at scale for SpaceX, XAI, and Tesla.
00:11According to The Wall Street Journal, Intel announced the collaboration on Tuesday and
00:15shared an image of CEO Lit Bhutan shaking hands with Musk.
00:19The deal follows Intel's recent struggles as NVIDIA and AMD gained share.
00:23Trump's administration previously agreed to take an equity stake of around $9 billion,
00:27with the U.S. holding 8.4% of shares as of March 20th.
00:31Musk unveiled plans in March for a single Austin facility to produce chips for Robotaxis,
00:36Optimus robots, and space-based AI computing.
00:39Tesla and SpaceX confirmed the partnership through posts on X.
00:42For all things money, visit Benzinga.com.
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