Daijiworld Media Network - Austin

Austin, Mar 22: Tech billionaire Elon Musk has announced that a new chip development project involving Tesla, SpaceX and xAI will be launched in Texas.

The initiative is expected to focus on developing advanced semiconductor technology to power next-generation artificial intelligence systems, autonomous vehicles and space exploration capabilities.

The project is set to kick off in Texas, a state that has increasingly become a hub for Musk’s ventures, with major operations of Tesla and SpaceX already based there.

While specific timelines and investment details were not disclosed, the move signals a push towards greater in-house chip design and reduced reliance on external suppliers amid growing global demand for AI and computing hardware.

The development also reflects the deepening integration between Musk’s companies, particularly in areas such as AI, robotics and high-performance computing.