# Elon Musk Begins Chip Manufacturing: $55 Billion Terafab Project
Elon Musk will participate in a closed-door technology conference by ASML to discuss his new large-scale initiative called Terafab. The project is a joint venture of SpaceX and Tesla, and it aims to produce next-generation chips for robotics, artificial intelligence, and space data centers.
As part of the project, it is planned to build a semiconductor factory in the United States with an investment value of at least $55 billion. The facility will focus on producing 2-nanometer chips, which represent the peak of modern technology. According to Musk's plan, the facility should provide one terawatt of computing resources per year.
To achieve this goal, Musk is seeking to collaborate with leading companies in the industry. Among them is ASML, which manufactures the most advanced lithography equipment needed for chip production. It is at a closed-door technology conference related to this company that the plans for Terafab are expected to be discussed.
Source: Investing.com
