Tesla, SpaceX confirm ‘Terafab’ chip fab site — $16.8B first phase

Tesla and SpaceX have confirmed where they’ll build Terafab, the semiconductor megafactory Elon Musk first teased in March. It’s going to Grimes County, Texas, about an hour northwest of Houston.

The companies put the initial phase at roughly $16.8 billion and said the finished site will span more than 100 million square feet, which they’re calling the largest chip manufacturing facility on the planet.