Intel to Join Musk’s Terafab in Surprise Move, Lifting Stock

Intel Corp. is joining Elon Musk’s long-shot effort to develop semiconductors for Tesla Inc., SpaceX and xAI, marking a surprising twist in the chipmaker’s comeback bid.

Intel will help the so-called Terafab project “refactor” the technology in a chip factory, the company said Tuesday in a post on X, Musk’s social media platform. That’s a stage in the development process that typically helps make chips more powerful or reliable.