Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
P2P Loan
Grow your wealth in fiat investment
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
WCTC S8
Rewards

SpaceX, Tesla Propose $55 Billion Semiconductor Plant in Texas

GateNews
Stocks

According to Reuters, SpaceX and Tesla have proposed a US$55 billion semiconductor manufacturing facility in Grimes County, Texas, called Terafab. Total spending could reach US$119 billion if all planned phases proceed. The chip fabrication and advanced computing complex aims to reduce reliance on suppliers such as Samsung and TSMC as the U.S. expands domestic chip production amid geopolitical and supply chain risks. Local officials are expected to review property tax abatement for the site in June.

View Source
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related News

05-06 23:49
U.S. Teachers Union Calls for SEC Scrutiny of SpaceX IPO Valued at $2 Trillion on May 7
05-06 13:47
Hut 8 Shares Soar 34% on $9.8 Billion AI Data Center Lease Deal
05-06 10:51
Hut 8 Locks in $16.8B AI Data Center Revenue, Releases 3,300 BTC in Q1
05-06 10:30
SpaceX Plans $55 Billion Investment to Build Terafab Semiconductor Facility in Texas
05-06 08:41
Chinese Chip Designers Devote 50% of Revenue to R&D in Q1 2026, Outpacing AMD and Intel
In-Depth Analysis

Hut 8 Shares Jump 30% on $9.8B AI Data Center Lease

Crypto Frontier05-06 20:39

Hut 8 signs a $9.8 billion AI data center deal for a 15-year lease; the stock surges 36% pre-market

ChainNewsAbmedia05-06 14:56

Just announced a partnership with NVIDIA, optical giant Corning targets the optical communication CPO theme, and its stock price surged more than 13.68% during the trading session

ChainNewsAbmedia05-06 14:54
Comment
0/400
No comments