[SpaceX Plans to Invest $55 Billion in Building Terafab Chip Factory in Texas] Odaily Planet Daily reports that SpaceX, led by Elon Musk, has proposed investing $55 billion to launch the construction of a new semiconductor production facility in Texas as part of its ambitious 'Terafab' project. According to a public notice published on the Grimes County website, SpaceX plans to build a 'next-generation vertically integrated semiconductor manufacturing and advanced computing production facility' in the area. If all subsequent phases of the project are completed, the total capital investment is expected to rise to $119 billion. Musk first unveiled the 'Terafab' concept in March, aiming to produce chips for his robotics, space, and artificial intelligence projects. He emphasized that this joint venture between SpaceX and Tesla is critical, as the semiconductor industry's development pace is too slow to meet the growing demand for chips in his projects and the broader tech sector. He stated, 'We either build Terafab, or we won't have chips, and we need chips, so we are building Terafab.' (Jin10)