Terafab is all about meeting skyrocketing demand for AI chips, think robotics and self-driving cars, with help from SpaceX and xAI too.
The deal gave Intel's stock a nice bump (up 3.6% after hours), and the deal underscored its significance.
In fact, Intel shares have soared 51% recently, adding $100 billion to its value—thanks in part to this Tesla team-up.