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The Terafab initiative was publicly announced as a collaboration between Tesla, SpaceX, and xAI, with its official website going live.

The project was first announced as a joint effort between Elon Musk's companies, SpaceX and Tesla, before the public launch of the Terafab branding.

Intel Corporation officially joined the Terafab project as a key technology and foundry partner, a move that caused a significant rise in its stock price.