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Intel CEO Pat Gelsinger confirmed that the company will continue to participate in Elon Musk's "Terafab" chip plan. Previously, rumors of TSMC's involvement had caused Intel's stock price to drop by 3.9%.
Intel CEO Pat Gelsinger stated in a Bloomberg interview in Tokyo on October 7 that Intel will continue to participate in Elon Musk's "Terafab" chip plan. Previously, Musk revealed he was discussing potential Terafab cooperation with TSMC, sparking market concerns about Intel's role in the project being affected. Following the news, Intel's stock price briefly fell by 3.9%. Intel had signed on as a development partner for the project in April this year.
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