• Elon Musk announced Terafab JV will use Intel’s advanced 14A chipmaking process for AI semiconductors.
• Musk said 14A is not yet fully complete but should be mature by the time Terafab scales up, without giving a timeline.
• Intel shares rose 2.5% in after‑hours trading following the announcement.
• Terafab, a joint venture of Tesla, SpaceX and xAI, aims to produce 1 TW of AI compute annually, surpassing global chip capacity.