Tesla Explores Chip Partnership with Intel as Musk’s Pay Package Clears $1 Trillion
Tesla (TSLA) is in early discussions with Intel (INTC) to develop a semiconductor manufacturing facility, signaling a strategic push into AI hardware. Elon Musk hinted at the potential collaboration during Tesla's annual meeting, stating, "You know, maybe we'll do something with Intel." The MOVE aligns with Tesla's growing need for advanced chips to power its robotaxi and robotics initiatives.
Musk's $1 trillion compensation package gained shareholder approval, underscoring investor confidence in Tesla's trajectory. Pre-market trading saw TSLA rise 1.57% and INTC climb 2.60% following the news. Tesla currently sources chips from TSMC and Samsung but may establish its own fabrication plant to meet escalating demand.