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Intel will stay on Musk’s Terafab chip project, CEO tells Bloomberg

Detailed view of hands installing a CPU onto a motherboard inside a computer setup.
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What happened

Intel will keep working with Elon Musk on Terafab, his project to make advanced chips in Texas, chief executive Lip-Bu Tan told Bloomberg. Tan made the comments before a Tokyo event on Wednesday celebrating 50 years of Intel’s operations in Japan. Intel is a semiconductor and electrical company based in Santa Clara, founded in 1968.

Sources & evidence