Musk to Build TeraFab; TSMC Chairman Wei: No Shortcuts in Wafer Foundry
In response to Tesla CEO Elon Musk's announcement of the TeraFab plan to build its own wafer fab, TSMC Chairman and CEO C.C. Wei stated at a conference call that wafer foundry has no shortcuts. He emphasized that TSMC's core advantages lie in technological leadership, manufacturing capabilities, and customer trust.
📋 Article Processing Timeline
- 📰 Published: April 16, 2026 at 17:31
- 🔍 Collected: April 16, 2026 at 18:02 (30 min after Published)
- 🤖 AI Analyzed: April 16, 2026 at 18:11 (9 min after Collected)
Tesla CEO Elon Musk has decided to proceed with the TeraFab plan to build its own wafer fab. At TSMC's earnings call on April 16th, Chairman and CEO C.C. Wei stated that building a new wafer fab takes about two to three years, with an additional one to two years for mass production. He emphasized that there are no shortcuts in the wafer foundry industry, highlighting that TSMC's capital expenditure will remain at the upper limit of $56 billion. Wei also noted that Intel, both a customer and a strong competitor, should not be underestimated. TSMC's first-quarter revenue reached $35.9 billion, driven by strong performance in high-performance computing, IoT, and consumer electronics platforms.