To The Moon

Sign Up
  • 9
  • 2
  • Favorite

Intel Stock Gains 5% After Joining Terafab Chip Project

Tiger Newspress04-07 21:37

Intel shares rose 5% Tuesday morning after the chipmaker announced it joined the Terafab project alongside SpaceX, xAI, and Tesla for chip production.

The stock gained following news that Intel hosted Elon Musk over the weekend and confirmed its participation in the collaborative initiative.

Intel stated on X that the company will contribute its capabilities in designing, fabricating, and packaging ultra-high-performance chips at scale to support Terafab’s goal of producing 1 terawatt per year of compute power for AI and robotics applications.

The Terafab project brings together Intel with Musk’s companies SpaceX, xAI, and Tesla to refactor silicon fabrication technology. Intel’s involvement centers on leveraging its manufacturing expertise to help accelerate the project’s production targets.

The collaboration represents a partnership between one of the world’s established semiconductor manufacturers and companies focused on electric vehicles, space exploration, and artificial intelligence development.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（2）

  • Aenon
    ·04-07 21:45
    $Intel(INTC)$  $Tesla Motors(TSLA)$   Excellent piece of news on collaboration. Much overdue. Some delay appreciation for Intel due to the Iran war. More collaborations, more solid co-ownership. And this can only means versions of Tesla - Intel collaboration versions of chips. Since the turnaround. It's a year. Let's see some solid bottom line improvements from Intel. coz it's an OG stock acting like a startup coz people wrote it off. Imagine what a 30x PE on some good margins will do to this stock.  🙏🙏🙏🍀🍀🍀 PS: not financial advice and do your own research 
    Reply
    Report
  • Aenon
    ·04-07 21:40
    Excellent collaboration news
    Reply
    Report
    Fold Replies
    • Duners: 
      He and his cronies have manipulated the market. They are the only ones making money out of this war. They bought shares in petroleum companies before the war knowing full well they would go up in price and then sold them. America is 39 Trillion in debt. He doesn’t give two f…s about making America Great Again, it’s all about lining his own pockets. He’s also a murderer of innocent children and many others. We all know who the criminal is.
      03:15
      Reply
      Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

All