Elon Musk Gives Intel The AI Foundry Stamp It's Been Chasing

Intel Corp. (NASDAQ:INTC) just got the kind of public endorsement its foundry ambitions have been missing — from Elon Musk. Shares of Intel gained on Tuesday after it joined the Terafab project alongside SpaceX, xAI and Tesla Inc. (NASDAQ:TSLA). The move positions the chipmaker at the center of Musk's latest attempt to redesign silicon fabrication technology. The company said its capabilities in designing, manufacturing and packaging high-performance chips at scale will support Terafab's goal of producing 1 terawatt of compute per year to advance future AI and robotics. Intel added that it hosted Musk at its facilities over the weekend, a detail that reinforces the idea this is not just a paper partnership but a strategically important relationship-building moment with one of the largest potential AI-compute buyers on the planet.  For investors, Musk's visible stamp of approval on Intel's manufacturing roadmap ...Full story available on Benzinga.com