Intel (INTC.O) CEO Chen Liwu said the company will continue to participate in Elon Musk's Terafab project. Musk earlier this week said he was in talks with TSMC (TSM.N) over collaboration on Terafab. Intel signed on in April as a development partner.

2026-10-07

Intel (INTC.O) CEO Chen Liwu said the company will continue to participate in Elon Musk's Terafab project. Musk earlier this week said he was in talks with TSMC (TSM.N) over collaboration on Terafab. Intel signed on in April as a development partner. The project is part of a global push by governments and companies to expand semiconductor and critical-component capacity to speed AI deployment; Musk is moving into advanced chip manufacturing. The news has dented investor confidence in Intel.