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Terafab

AI semiconductor joint venture

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Intel bets its future on becoming a contract chipmaker

Money Moves

Launched April 2026 with Intel as primary foundry partner

Intel's foundry strategy has shifted from a single Apple deal to a growing roster of major chip buyers in weeks. In early April 2026, Intel signed on as primary foundry partner for Terafab, a $25 billion AI chip venture backed by Tesla, SpaceX, and xAI.

Updated May 30