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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 3 hours ago