Musk confirmed on social media platform X that preliminary discussions are underway with TSMC regarding the Terafab gigafactory project, stating, "Just discussions, but perhaps something will come of it." Driven by this news, TSMC's U.S.-listed shares (TSM) hit an all-time high of $487.44 during Monday's trading session, closing up approximately 2.8% at $485.80, with its market capitalization surpassing $2.5 trillion for the first time in history. Meanwhile, Intel, which joined the Terafab project in April, closed down approximately 2.6% on Monday, extending its losing streak to three consecutive trading days. Industry insiders estimate the probability of TSMC collaborating with Terafab to be over 80%, as TSMC's fab expansion plans in Texas highly overlap with Terafab's chosen site.