Market
Intel to Join Muskās Terafab in Surprise Move, Lifting Stock
YahooApr 7, 2026
(Bloomberg) -- Intel Corp. is joining Elon Muskās long-shot effort to develop semiconductors for Tesla Inc., SpaceX and xAI, marking a surprising twist in the chipmakerās comeback bid.Intel will help the so-called Terafab project ārefactorā the technology in a chip factory, the company said Tuesday in a post on X, Muskās social media platform. Thatās a stage in the development process that typically helps make chips more powerful or reliable. The chipmakerās shares jumped 4.2% to $52.91 in New Y