Musk and Intel CEO Push Back on Doubts Over Terafab Chip Project Role

1 min read
Musk and Intel CEO Push Back on Doubts Over Terafab Chip Project Role
PrimeXBT Editorial Team
Reviewed by PrimeXBT

Elon Musk and Intel CEO Lip-Bu Tan pushed back Wednesday on speculation that Taiwan Semiconductor Manufacturing Co. would take a bigger role in the Terafab chip project. Tan said Intel's involvement will continue, and Intel shares fell in Wednesday trading.

Elon Musk and Intel CEO Lip-Bu Tan pushed back Wednesday against speculation that Intel won't have a starring role in the Terafab chip-making project, the trillionaire's chip-making venture.

Tan told Bloomberg ahead of an event in Tokyo that the company's involvement in Terafab will continue. Musk, for his part, responded on his X account to a post that had raised the possibility of TSMC taking a bigger part in the plant.

Shares of Intel fell 3.18% in Wednesday stock market trading, while Taiwan Semiconductor shares slipped 0.72%.

Source: MarketWatch (snippet-based)

Trading involves risk.

Most traded markets

XAU / USD
-1.41% 4,104.84
BRENT
+0.85% 104.926
BTC / USD
-3.81% 82,975.5
EUR / USD
-0.6% 1.11920
USTEC
-0.84% 30,986.53
NVDA
-1.08% 237.25
View all markets

Author

PrimeXBT
Our Editorial Team consists of leading experts with a proven record in the fields of trading, cryptocurrencies, blockchain and finance. We thoroughly research the sources of information in order to provide readers with quality content that serves edu...
Read author’s articles
Alert Triangle Risk Disclaimer
Disclaimer: Some past publications may be outdated. We recommend following our news to stay up to date with the latest information. For any questions, feel free to contact our support team via the chat below.
The content provided here is for informational purposes only. It is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results.
The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.

Today in markets

Browse Stock News

Register Now

Trading involves risk

Get started in minutes

Our clients love how fast and simple our sign-up is. It takes just a few minutes to get started!

Get Started Get Started
Get started in minutes

Need Help?

Risk Warning:
Trading in leveraged products carries a high level of risk and may not be suitable for all investors.