Elon Musk on Terafab:

"It's worth noting that there's not a single high volume computer memory fab in America right now, zero. There's one being built by Micron, but that will not reach volume production until I believe 2028 and there's something built in New York, but they are in, I think, 2029 and 2030, and this is a tiny fraction of the memory that's needed, and in fact, even if you take the best case assumptions of the memory makers and the logic makers, it is not enough to meet the demand that is anticipated, which is why you're seeing stocks of like Micron go to, I think, 1.2 trillion, or some quite high number, so there's just clearly a need for AI logic memory and packaging, AI computers, essentially, that is far beyond what even the best case assumptions of the existing fabricators can do, and that's why we need to do the Terafab. It seems essential, otherwise we will not, there will not be enough chips."