SPACEX AND TESLA TERAFAB TARGETS 2028 FOR VOLUME CHIP PRODUCTION , SAYS MUSK

What happened: Elon Musk said Terafab, the SpaceX and Tesla chip manufacturing joint venture, aims to reach volume production by the third quarter of 2028, with a first SRAM test chip targeted for roughly May or June of next year in Austin. Key numbers: Volume production target Q3 2028; 1 terawatt a year of computing Why it matters: Musk called the schedule "very aggressive" and put "big error bars" on it, noting he has a history of missed timelines. Terafab faces challenges acquiring enough equipment from ASML, Applied Materials and KLA, and Intel said in April it would join the project.

Elon Musk said Terafab, the SpaceX and Tesla chip manufacturing joint venture, aims to reach volume production by the third quarter of 2028, with a first SRAM test chip targeted for roughly May or June of next year in Austin.

Musk called the schedule "very aggressive" and put "big error bars" on it, noting he has a history of missed timelines. Terafab faces challenges acquiring enough equipment from ASML, Applied Materials and KLA, and Intel said in April it would join the project.