Overview
- The public notice posted Wednesday in Grimes County outlines a $55 billion first phase, up to $119 billion in total, for a Terafab site near Gibbons Creek Reservoir.
- County commissioners scheduled a June 3 hearing to consider a property tax abatement tied to the proposal.
- Intel joined as a strategic manufacturing partner, and Musk said Terafab plans to use Intel’s forthcoming 14A chipmaking process.
- The project is pitched to supply AI and robotics chips for SpaceX, Tesla and xAI, with SpaceX handling most early costs subject to both companies’ board approvals.
- Musk has floated pilot output in late 2026 with a 2027 ramp, and he noted Grimes County is only one candidate site as experts warn new fabs typically take years to build and stabilize.