Elon Musk announces $20B Terafab chip plant for Austin as AI ambitions escalate
Mar 21, 2026
Elon Musk announced late Saturday inside the Seaholm Power Plant that his much-anticipated $20 billion Terafab will be built here in Austin. It ends a week of speculation after the billionaire SpaceX and Tesla Inc. founder teased the project in an announcement on his social media platform X.
https://www.kxan.com/news/local/austin/musk-announces-20b-terafab-chip-plant-for-austin-as-ai-ambitions-escalate/
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