Tesla and SpaceX CEO Elon Musk said on Wednesday his companies will build and
operate the Terafab artificial intelligence chip complex in Texas, and that TSMC
(TSM.N) would at most sublease part of the site. Terafab is a joint Tesla-SpaceX
project to construct a "giant chip factory" for AI chips. Responding to reports
that TSMC would own and operate the plant, he said: "No, we will build and
operate the plant, without any doubt." He added TSMC could sublease part if it
wished "but that's it." Musk said last week he had discussed potential
cooperation with TSMC on Terafab but provided no further details.