Elon Musk unveils Terafab project to produce AI chips for Earth and space

Exam-focused facts from the 24 March 2026 current affairs briefing.

Key facts

Elon Musk announced the Terafab manufacturing facility near Austin, Texas to produce AI, robotics and data-centre chips.
Terafab targets one terawatt of computing power per year, equivalent to slightly less than total US power generation capacity.
Tesla and SpaceX will jointly run Terafab; Musk cited no initial investment figure, though earlier US media reports estimate $20-25 billion.
The facility will design, manufacture, test and refine chips on-site, aiming for 100-200 gigawatts on Earth and one terawatt in space.
Musk said global suppliers Samsung, TSMC and Micron cannot expand fast enough to meet Tesla and SpaceX demand.