Intel stock climbed about 2% after announcing participation in the Terafab chip project with SpaceX, xAI and Tesla.
Intel will design, fabricate and package ultra‑high‑performance chips to help Terafab achieve a target of 1 terawatt per year of compute power.
The collaboration links a leading semiconductor maker with Musk’s EV, space and AI ventures, aiming to refactor silicon fabrication technology.