Elon Musk confirmed on October 3 that TSMC is in discussions with Terafab, the Tesla and SpaceX chipmaking venture in Texas, about working together on manufacturing there. He described the talks as early, with nothing agreed. Two structures are being…
Finance angle The finance angle is who gets paid to build and run a plant whose first phase carries about $16.8 billion of funding. Intel's foundry business has few large outside customers, and Terafab was one of the names attached to its 14A process; a role for TSMC would put the market leader inside the same project, which is…
Nvidia's board authorised a further $150 billion of share repurchases, the largest increase any company has announced and above Apple's $110 billion in 2024. Total buyback capacity is now $235 billion, which Nvidia plans to use through fiscal 2028. The…
Finance angle The $235 billion is cash earned from AI chip sales to cloud companies being returned to shareholders rather than spent on capacity or acquisitions. It comes while Nvidia's shares, up just over 20% this year, trail AMD (more than doubled) and Intel (more than tripled) as competition in AI chips grows, and with the…
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