Intel will help Musk with chips for robots and data centers in space. Shares jumped

US processor maker Intel will join Elon Musk's Terafab project, a complex to produce AI chips for data centers and robots. The company said on social network X that it wants to "help redefine semiconductor manufacturing technology." Intel will partner with Musk's companies - space startup SpaceX and AI startup xAI - as well as Tesla, which the billionaire heads.

"Our ability to design, manufacture and package ultra-performance chips at large scale will accelerate Terafab's goal of producing 1 TW of computing power per year to support future breakthroughs in AI and robotics," Intel said in the post. The company said Musk visited its campus this past weekend.

Intel shares were up nearly 5% to $53.27 in trading on Tuesday, April 7. That's the highest since Jan. 22. For Intel, which is lagging behind rivals in the artificial intelligence race, the partnership with companies of the world's richest businessman should boost investor confidence, Reuters wrote.

Musk announced Tesla's plans to build a large Terafab AI chip factory to support the development of autonomous vehicles in late January. He admitted that the company may cooperate with Intel, recalls Reuters.

In March, Musk announced that his space company SpaceX, recently merged with AI company xAI, would work with electric car maker Tesla to build two advanced chip factories at a major site in Austin, Texas. One of the factories will supply computing power for cars and humanoid robots, while the other should produce components for data centers in space that power artificial intelligence.

This article was AI-translated and verified by a human editor