Techub News reports, according to Cointelegraph, Elon Musk said Tesla will invest $3 billion to build a chip research factory in Texas, which will use Intel technology as part of its strategy to expand its chip manufacturing business.

This investment marks a major expansion for Tesla in the semiconductor field. Previously, the company mainly relied on external suppliers for chips, and this factory plan aims to enhance its autonomous production capacity to address global chip supply chain challenges.