Musk stated that with the experience of his companies in custom equipment manufacturing, he is likely to figure out a method for chip manufacturing that is superior to that of competitors. Although he does not currently possess microchip manufacturing technology, he anticipates that this process may take several years. Musk plans to build the Terafab factory in Grimes County, Texas, as a joint venture among Tesla, SpaceX, and Intel, with an initial investment exceeding $15 billion.
