Tesla and SpaceX Commit $16.8 Billion to Build “Terafab,” a Massive AI Chip Factory in Texas Tesla and SpaceX announced Thursday, August 6, that they will jointly build “Terafab,” an advanced semiconductor manufacturing complex in Grimes County, Texas, with an initial investment of $16.8 billion — a project Elon Musk says will produce “the largest … Read more
AMD Posts Record $11.5 Billion Quarter as Data Center Revenue More Than Doubles — Stock Falls Anyway Advanced Micro Devices reported record second-quarter revenue of $11.5 billion on Tuesday, August 4, with data center sales more than doubling year-over-year on booming demand for its server processors and AI accelerator chips — a genuine beat on … Read more
Nvidia Expands AI Push With Perplexity Partnership as Wall Street Eyes Next Growth Phase Nvidia continues to strengthen its leadership in artificial intelligence after announcing a new partnership with AI startup Perplexity. Under the agreement, Perplexity will use Nvidia’s next-generation Vera CPUs to power advanced AI workloads, marking another step in Nvidia’s strategy to expand … Read more
Apple Commits $30 Billion to U.S.-Made Chips in Major Boost for American Manufacturing Apple has announced one of its biggest manufacturing investments in the United States, committing more than $30 billion to purchase U.S.-made chips from Broadcom over the next five years. The move is part of the company’s broader effort to strengthen domestic manufacturing … Read more