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Tesla And SpaceX To Build Massive "Terafab" Chip Factory In Austin
Tesla And SpaceX To Build Massive "Terafab" Chip Factory In Austin
Elon Musk announced that his proposed “Terafab” chip factory will be built in Austin and operated jointly by Tesla and SpaceX, according to Yahoo Finance and Bloomberg.
The plan is to start with a smaller, highly advanced fabrication facility capable of producing and testing a wide range of chips, before expanding to a larger operation.
Musk argues the semiconductor industry isn’t scaling fast enough to meet his companies’ growing demand for AI and robotics, so he sees building his own supply...
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Apr 29, 2026 / Tyler Durden
US To Issue Limited Passports With Trump's Image For America's 250th Anniversary
US To Issue Limited Passports With Trump's Image For America's 250th Anniversary
Authored by Aldgra Fredly via The Epoch Times,
The U.S. State Department announced on April 28 that it will release limited-edition passports featuring a picture of President Donald Trump to commemorate America’s 250th anniversary of independence.
State Department spokesman Tommy Pigott said in a statement to multiple news outlets that the department would release “a limited number of specially designed U.S. passports to commemorate this historic occasion” in July, but did not specify how many would be issued.
“These passports will...
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Jun 17, 2026 / Tyler Durden
Trump And Iran Sign MOU Deal Ahead Of Schedule
Apr 28, 2026 / Tyler Durden
Tailing 7Y Auction Sees Lukewarm Foreign Demand, Jump In Direct Buyers
Tailing 7Y Auction Sees Lukewarm Foreign Demand, Jump In Direct Buyers
The week's final coupon auction per the truncated pre-FOMC schedule has come and gone, and like yesterday's 2Y and 5Y, was also mediocre at best.
The sale of $44BN in 7Y paper stopped at a high yield of 4.175%, down from 4.255% in March; and like the week's previous auctions, the 7Y also tailed the 4.170% When Issued by 0.5bps, which makes it 4 auctions that have not stopped through in a row.
The bid to cover was better, rising to...
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