Tesla and SpaceX announce $25B ‘Terafab’ chip factory — here’s why it reeks of desperation

Tesla and SpaceX have unveiled “Terafab,” a joint $25 billion chip fabrication facility in Austin, Texas, that Elon Musk claims will produce 1 terawatt of computing power annually. It would be the largest semiconductor fab ever built — by an absurd margin. Musk took the stage at the defunct Seaholm Power Plant in Austin on March 21 to officially launch the project, calling it “the most epic chip building exercise in history by far.” more…