April 7 (Reuters) - Intel (INTC.O) said on Tuesday it would join Elon Musk’s Terafab AI chip complex project along with SpaceX, Tesla (TSLA.O) and xAI.Last month, Musk said his rocket company SpaceX - which recently merged with his social media and artificial intelligence company xAI - and EV firm Tesla would build two advanced chip factories at a sprawling facility in Austin, Texas, one to power cars and humanoid robots and another designed for AI data centers in space.SpaceX, which confidentially filed for a U.S. initial public offering last week, plans a market launch later this year.“Our ability to design, fabricate, and package ultra-high-performance chips at scale will help accelerate Terafab’s aim to produce 1 terawatt per year of compute to power future advances in AI and robotics,” Intel said in a post on social media platform X.Shares of Intel were up about 2% in early trading. They have risen around 38% so far this year.

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- Intel announced its participation in Elon Musk’s Terafab AI chip complex project alongside SpaceX, Tesla, and xAI.  
- This initiative includes building two advanced chip factories in Austin, Texas, aimed at powering vehicles, robots, and AI data centers.  
- Following the news, Intel's shares rose approximately 2%, with a total increase of around 38% for the year.

Intel to join Musk's Terafab mega AI chip project