[Elon Musk: Terrafab Factory Will Reshape Chip Manufacturing] According to a report by Jinse Finance, on October 11, Elon Musk stated that given his companies' expertise in manufacturing custom equipment, he believes they are likely to 'find a better way to manufacture chips than anyone else.' Speaking to a group of customers and investors outside Tesla's Gigafactory in Austin, Texas, Musk admitted that although he currently 'does not know how to manufacture microchips, we will figure it out.' During the X Takeover event, which he attended via livestream on Saturday, Musk pointed out that during visits to competitors' facilities, he did not see much custom equipment. He emphasized that his companies have extensive experience in manufacturing such equipment, enabling them to improve production processes. Musk said: 'I think it’s fair to say this is one of the hardest things in the world to do. I don’t want to come across as complacent or take it for granted, but I think we are very likely to find a better way to manufacture chips than anyone else. To be honest, I don’t know how long this will take. It could take several years.'