00:00It's Benzinga bringing Wall Street to Main Street
00:02Tesla and SpaceX sued Illinois nanotechnology company TerraPrint over the TerraFab name
00:07plan for their $16.8 billion AI chip complex in Texas, according to Benzinga.
00:12The company has asked a federal judge to declare that using TerraFab does not infringe TerraPrint's
00:16registered TerraFab trademark.
00:18TerraPrint sent a cease and desist letter after Tesla filed three TerraFab trademark
00:22applications in May and later threatened litigation.
00:25Tesla and SpaceX argue the businesses serve different customers and technologies and are
00:29unlikely to cause consumer confusion.
00:31TerraPrint said it will defend its trademark rights.
00:34Tesla did not immediately respond to Benzinga's request for comment.
00:38The 100 million square foot complex in Grimes County will make, package, and test advanced
00:42logic and memory chips for Tesla and SpaceX.
00:45For all things money, visit Benzinga.com
Comments