Intel Corp (NASDAQ:INTC, XETRA:INL) has announced that it is joining Elon Musk's TeraFab initiative, a project aimed at building large-scale semiconductor fabs to supply chips for AI, robotics, and space applications. The announcement was made on Tuesday via a post on Musk's social media platform X, without accompanying press releases or filings.
Intel Corporation INTC has gained 38.4% in six months against the industry's decline of 4.6%. It has outperformed compared to the Zacks Computer & Technology sector and the S&P 500.
Intel shares climbed around 3.5% in on Tuesday after the chipmaker announced it had joined the Terafab project alongside SpaceX, xAI, and Tesla. The rally stood in contrast to broader market weakness.
Fresh off reports Intel ( NASDAQ:INTC ) is in advanced talks with Google and Amazon ( NASDAQ:AMZN | AMZN Price Prediction ) for advanced packaging services on custom AI chips, the chipmaker is back again reporting yet another boost to its foundry ambitions.
The Elon Musk-led companies plan to work with the semiconductor manufacturer at the Terafab project planned in Texas.
Intel is teaming up with Elon Musk to help with his Terafab chip project. The chipmaker's stock jumped after it announced the partnership with SpaceX, xAI, and Tesla.
Intel said on Tuesday it would join Elon Musk's Terafab AI chip complex project along with SpaceX, Tesla and xAI.
Advanced packaging has quietly become the make-or-break factor in the AI race.
Zacks.com users have recently been watching Intel (INTC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Intel (NASDAQ: INTC) received an upgrade on Monday, April 6, with KeyBanc raising its price target on the firm from $65 to $70 and keeping an “Overweight” rating.
Intel and Micron are expected to benefit from shortages of central-processing units and memory chips, according to KeyBanc.
Intel reported Q4 2025 revenue of $13.7B, beating expectations, yet supply constraints limited full demand capture in the data center segment. Intel Foundry posted a $2.5B operating loss in Q4 2025, while external revenue remained modest at $222M despite growing customer interest. Forward valuation exceeds 100x 2026 earnings, reflecting weak current profitability and reliance on EPS doubling by 2027 to justify multiples.