TSMC stock
On November 2, 2026, industry reports indicated that Elon Musk is reconsidering his operational strategy for the Texas--based Terafab semiconductor project and may allow Taiwan Semiconductor Manufacturing Co. (TSMC) to manage and run the facility. The development marks a strategic shift from Musk's initial ambition to independently build and operate custom chip fabrication facilities for Tesla, SpaceX, and xAI. Partnering with TSMC to oversee foundry operations and contribute manufacturing expertise would substantially mitigate execution risks for the multi--billion--dollar venture while potentially providing TSMC with significant long--term wafer fabrication and packaging commitments in the United States.