Elon Musk and Intel CEO shore up chipmaker's role in Terafab project - and here's what the news is doing to the stock.
MarketWatch·
- Elon Musk and Intel CEO Lip-Bu Tan reaffirmed Intel's primary role in the Terafab chip-making project to counter market speculation.
- The clarification came after prior speculation about Taiwan Semiconductor Manufacturing Co.'s involvement caused fluctuations in both companies' stock prices.
- Terafab is a joint venture by Tesla and SpaceX aiming to manufacture 1 terawatt of computing capacity annually, which has significantly driven Intel's stock surge this year.
