Intel Joins Elon Musk-Backed Terafab Project
In April 2026, Intel announced its involvement in the Terafab project backed by Elon Musk's companies to build a semiconductor mega-factory. The partnership contributed to an 115% surge in Intel’s stock price for the month and is seen as part of broader efforts driving the company's turnaround.
Topics: partnership semiconductor industry stock price movement turnaround story