Elon Musk Invests $55 Billion in Semiconductor Manufacturing Plant

Elon Musk plans to invest $55 billion to build a semiconductor manufacturing plant for artificial intelligence. The project, named "Terafab," will be located near the Gibbons Creek Reservoir in the United States, with total funding potentially reaching $119 billion. The initiative will be a collaboration between Tesla and SpaceX, aiming to meet the growing demand for computing power. Musk has set a target to produce one terawatt of computing power annually, reflecting the urgent need for this facility.