Friday, 23 October 2026Global tech news & guides — what changed, and what it means for you.

Elon Musk Tried to Buy Chip Plants From Intel, TSMC and Micron First. They Said No — So He’s Building Terafab

Original illustration: semiconductor fab complex at dusk in Texas, crane silhouetted against an amber sky, wafer-handling robots in the foreground, teal circuit traces arcing across the sky, teal and amber grade

In brief Elon Musk first tried to buy existing chip plants from Intel, TSMC and Micron for his Terafab project and was turned down by all three, according to The Elec. Rejected, he pivoted to partnerships and ground-up construction: a Texas semiconductor complex run by Tesla, SpaceX and xAI with an initial $16.8 billion budget … Read more