How Elon Musk plans to build his own chip empire in Texas

Elon Musk runs an auto company. He oversees an aerospace company. And he controls a social media outlet. Now he wants to add chipmaker to his resume.

The multi-hyphenate billionaire announced plans over the weekend to build a chip manufacturing factory in Austin, Texas, which will produce chips for SpaceX and xAI, which recently merged. Musk, at a presentation Saturday, said the project, dubbed Terafab, will be the “most epic chip building exercise in history by far.”

Musk has been talking about Terafab for a while...