SpaceX and Tesla to build Texas AI chip plant

SpaceX plans to build a new semiconductor factory in Grimes, Texas, expected to be the largest building globally at over 100 million square feet. The facility, a joint project with Tesla, will produce advanced chips for use in AI, space data centers, and Tesla vehicles, addressing a significant supply-demand gap. Estimated to cost around $16.8 billion initially, the project aims to create over 3,000 jobs and could involve total investments exceeding $55 billion.

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