Intel to keep working on Musk’s Terafab chipmaking venture, Bloomberg News reports

Intel Corporation has confirmed to Bloomberg News that it will continue its involvement in Elon Musk's Terafab chipmaking venture, as reported on October 7. Intel's CEO, Lip-Bu Tan, made this statement ahead of an event marking the US chipmaker's 50th year of operations in Japan. The collaboration between Intel and Tesla was not immediately responded to by both companies.

Last week, Musk had suggested on X (formerly Twitter) that there were talks of potential cooperation between Taiwan's chip major TSMC and the Terafab project. Musk confirmed on Saturday in response to a screenshot of an article titled "TSMC Exploring Plans to Work With Elon Musk’s TeraFab" that there were merely discussions, though something may come of it.

Musk's potential involvement with TSMC could present a challenge to Intel's role in the Terafab chipmaking venture.