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Musk hints TSMC may join his mega chip venture, and Intel’s stock is taking a hit

Musk hints TSMC may join his mega chip venture, and Intel’s stock is taking a hit

marketwatch.com 05.10.2026 13:27 7 views
Intel shares are taking a hit on Monday after a report that TSMC may help with Elon Musk’s Terafab factory.

Musk hints TSMC may join his mega chip venture, and Intel’s stock is taking a hit Musk hints TSMC may join his mega chip venture, and Intel’s stock is taking a hit Intel shares are falling after Elon Musk confirmed “discussions” with rival chip maker Taiwan Semiconductor Manufacturing Co. regarding his planned Terafab chipmaking project. Shares of chip company Intel slipped on Monday, while rival Taiwan Semiconductor Manufacturing Co.’s rose, after Elon Musk confirmed the Taiwanese company could take part in his massive semiconductor manufacturing project. , which in April became the first to offer support for Musk’s Texas-based Terafab chip venture. Those shares fell more than 4% in premarket trading, while TSMC shares rose about 3% in Taiwan, and were up 1% in premarket U.S. trading.

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What Bessent is now saying after bond yields didn’t stop rising on ‘I am the house’ remark Barbara Kollmeyer is based in Madrid, where she leads MarketWatch's premarket coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously. Follow her on Twitter @bkollmeyer.

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