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Pete Bannon

Pete Bannon

Former Vice President of Silicon Engineering, Tesla

Appears in 1 story

Stories

Tesla bets $20 billion on building its own chip factory from scratch

New Capabilities

Departed Tesla in August 2025

Every company designing custom artificial intelligence chips today (Apple, Google, Amazon, Microsoft) pays someone else to manufacture them. Tesla just announced it will build and operate its own semiconductor fabrication plant, a $20 billion facility called TeraFab targeting the 2-nanometer process node, the most advanced manufacturing technology in existence. No company without decades of chipmaking experience has ever attempted this.

Updated May 30