BUZZ - Reports suggest that Intel is still involved in Musk's Terafab project, sending its stock price higher
路透社2026/10/07 09:24October 7th - Chipmaker Intel (INTC.O) shares rose 1.5% in pre-market trading to $114.23. According to Bloomberg, CEO Chen Liwu stated that Intel (INTC) will continue its involvement in Elon Musk’s Terafab chip manufacturing project. This report comes just days after Musk revealed that TSMC (2330.TW) and Terafab had discussed potential cooperation. Terafab is a chip manufacturing plant planned by Elon Musk to produce artificial intelligence chips for Tesla and SpaceX. Intel and Tesla did not immediately respond to Reuters’ request for comment outside regular business hours. As of the previous trading day’s close, Intel (INTC) had more than tripled its gains so far this year (For the convenience of non-English speakers, Reuters provides automated translations of its reports into several other languages. As automated translations may have inaccuracies or fail to deliver the intended context, Reuters does not guarantee the accuracy of the automated texts and provides them purely for reader convenience. Reuters accepts no liability for any damages or losses resulting from the use of automated translation functions.).
October 7 - ** Chip manufacturer Intel (INTC.O) saw its share price rise 1.5% to $114.23 in pre-market trading
** According to Bloomberg, CEO Lidu Chen stated that Intel (link) (INTC) will continue to participate in Elon Musk’s Terafab chip manufacturing (link) project
** The report was published only days after Musk revealed that TSMC 2330.TW and Terafab had discussed potential cooperation (link)
** Terafab (link) is a chip manufacturing factory planned by Elon Musk, aiming to produce AI chips for Tesla and SpaceX
** Intel and Tesla did not immediately respond to Reuters’ requests for comment outside normal business hours
** As of the close of the previous trading day, Intel (INTC) has more than tripled in value this year
(To facilitate non-native English speakers, Reuters provides automated translations of its report into several other languages. As automated translation may contain errors or lack required context, Reuters does not guarantee the accuracy of the automated translation and provides it solely for the convenience of readers. Reuters accepts no responsibility for any damage or loss resulting from the use of automated translation functionality.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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