[Tesla and SpaceX Announce $16.8 Billion Investment to Build Terafab Chip Factory] According to TechCrunch, Tesla and SpaceX announced on Thursday that their jointly developed advanced chip factory, 'Terafab,' will be located in Grimes County, Texas, near Houston. The initial phase of the project involves an investment of $16.8 billion. SpaceX stated that the factory plans to construct over 100 million square feet (approximately 9.3 million square meters) of manufacturing space, which will make it one of the largest semiconductor manufacturing facilities in the world. SpaceX CEO Elon Musk said that Terafab will 'surpass all other facilities to become the largest and most valuable building on Earth.' Previously, SpaceX mentioned in related documents that Terafab might adopt a multi-phase construction plan, with total investment potentially reaching up to $119 billion.