(Bloomberg) -- Elon Musk said his business empire will build and operate Terafab independently, quashing speculation about industry leader Taiwan Semiconductor Manufacturing Co. swooping in to run his ambitious chipmaking venture. Most Read from Bloomberg Apple to Launch Doorbell, Lock, Thermostat Developed With LG Deeply Distressed US Loans Rise to Highest Level Since Pandemic, JPMorgan Says SpaceX in Talks to Borrow $40 Billion to Buy Nvidia Chips New Hazard for Treasuries Hides in Bond Futures' Fine Print S&P 500 Climbs to Record High on Earnings Optimism: Markets Wrap Based in Texas, the Terafab project is Musk's effort to break into the business of fabricating chips, in service of his companies Tesla Inc. and SpaceXAI.
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