Tesla and SpaceX have confirmed Grimes County, Texas as the site for their Terafab semiconductor megafactory, with the first phase costing roughly $16.8 billion. The project targets the largest chip manufacturing facility on the planet to supply over 1 terawatt of compute per year that exceeds current and future global production capacity.
The partners call it the largest chip manufacturing facility on the planet.
https://x.com/Tesla/status/2085365278276284803
Tesla pointed to a goal of producing over 1 terawatt of compute per year.
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AMD has entered an underwriting agreement to issue $4.75 billion in senior notes maturing between 2029 and 2036 at coupon rates from 4.600% to 5.500%. The debt offering was disclosed in an 8-K filing on August 17, 2026 and uses an existing shelf registration.
NVIDIA has partnered with SB Energy to secure an initial 4.25 IT-GW of AI capacity at the PORTS-Pike campus in Ohio, with OpenAI as the customer for the full 8 IT-GW site under a 20-year lease. The agreement features a $1.5B NVIDIA investment in SB Energy, credit support for the buildout, creation of tens of thousands of jobs and an $80M community benefits fund.
The fifth beta of iOS 27 arrived this week alongside an alleged iPhone 18 Pro Max battery leak showing 5,391 mAh capacity, screen protector images confirming asymmetric corners on the foldable iPhone Ultra, and Mark Gurman's report on radical Apple Watch redesigns that may include round faces and screenless trackers.
