US Stock Market Move | Announced joining Musk-led Terafab project, Intel Corporation (INTC.US) rose nearly 3%.

On Tuesday, Intel Corporation (INTC.US) rose nearly 3%, accumulating a 40% increase for the year. In terms of news, Intel Corporation announced its participation in the Terafab project led by Elon Musk, alongside Tesla, Inc., SpaceX, and xAI to help reconstruct chip manufacturing technology. Intel Corporation stated that their ability to design, manufacture, and package high-performance chips on a large scale will help accelerate Terafab in achieving its goal of producing 1 terawatt of computing power annually, to drive the future development of artificial intelligence and Siasun Robot & Automation technology. Intel Corporation CEO Chen Liwu stated that Elon Musk has outstanding achievements in reshaping the entire industry, which is exactly what the semiconductor manufacturing industry needs today. Terafab represents a major revolution in the way silicon logic, memory, and packaging are manufactured. Intel Corporation is honored to be a partner and work closely with Elon Musk to advance this strategically important project.