Elon Musk's SpaceX has proposed investing $55 billion to build a semiconductor manufacturing facility, called Terafab, in Texas, according to a filing made public on Wednesday.
The project would involve a multi-phase chip fabrication and advanced computing complex designed to boost domestic semiconductor production capacity in the United States.
SpaceX estimates that the total investment could potentially rise to $119 billion if additional phases are completed.
The facility is planned in Grimes County within a newly designated reinvestment zone, where local officials are expected to consider a property tax abatement agreement at a June meeting.
The project would involve a multi-phase chip fabrication and advanced computing complex designed to boost domestic semiconductor production capacity in the United States.
SpaceX estimates that the total investment could potentially rise to $119 billion if additional phases are completed.
The facility is planned in Grimes County within a newly designated reinvestment zone, where local officials are expected to consider a property tax abatement agreement at a June meeting.
