Tesla's CEO, Elon Musk, has unveiled the commencement of the TeraFab chip manufacturing project, which is projected to require an investment ranging from $20 billion to $25 billion. This ambitious endeavor aims to construct a state-of-the-art 2nm wafer fabrication plant, positioning Tesla to rival industry giants such as TSMC, Samsung, and Intel. The proposed facility will be strategically situated at the junction of Texas and Nevada in the United States and will be developed in two distinct phases. The initial phase is slated to begin production in the latter half of 2027, with full-scale mass production anticipated in 2028. The subsequent phase is expected to reach completion by 2030. The envisioned annual production capacity is projected to be between 100 billion and 200 billion AI and memory chips, translating to a monthly wafer input of around 100,000 units. To bolster this initiative, Tesla's official website is actively seeking semiconductor professionals with over ten years of experience and proficiency in advanced process integration.