Musk's TSMC-Terafab talk sends Intel shares lower
INTC•Intel shares fell 2.35% to $116.53 after Elon Musk said there had been discussions about potential cooperation between TSMC and his Terafab chipmaking project.
1. Potential cooperation discussed
Musk wrote on X that there had been “Just discussions, but something may come of it” between TSMC and Terafab. Intel shares rose about 34% in September and had more than doubled this year, including the session’s moves.
