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On August 6th, Tesla (TSLA.O) announced that earlier this year, SpaceX and Tesla launched Project Terafab—the worlds largest chip manufacturing initiative, integrating logic chips, memory chips, and advanced packaging technologies within a single facility. In April, Tesla broke ground on its new R&D wafer fab at its Texas Gigafactory North Campus, the precursor to Terafab. Today, we are officially announcing that Terafab will be located in Grimes County, Texas. This facility will be an advanced semiconductor wafer fab designed to bridge the huge gap between current global chip supply capacity and future computing demands. SpaceX and Teslas combined chip demand is projected to exceed 1 terawatt (TW) of computing power, a scale far exceeding current global supply capacity. We are highly grateful to existing chip suppliers and encourage them to expand capacity where possible, but the widening gap between future supply and demand is the core reason for the existence of Project Terafab. Terafab aims to manufacture new computing power at an unprecedented scale and speed. The project plans to build a vertically integrated factory with a manufacturing area exceeding 100 million square feet. The facility will encompass the manufacturing, packaging, and testing of advanced logic and memory chips. Centralizing these processes in one location will facilitate rapid iterative improvements and accelerate the deployment of new computing capabilities.Tesla (TSLA.O): TeraFab aims to produce more than 1 terawatt of computing power per year.Tesla (TSLA.O): TeraFab will be built in Grimes County, Texas. The number of chips required by Tesla and SpaceX will far exceed current and future global production capacity.The US June wholesale sales month-on-month rate and the July global supply chain stress index will be released in ten minutes.Datadog (DDOG.O) fell 20%, marking its biggest drop since August 2023.

Singapore Exchange and the New York Stock Exchange join forces for dual listings and ETFs

Charlie Brooks

Jul 22, 2022 11:19

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Singapore Exchange (OTC:SPXCY) Ltd (SGX) said on Friday that it would partner with the New York Stock Exchange to provide dual listing of companies on both exchanges. This will provide access to worldwide investment opportunities on the two largest marketplaces.


According to a joint statement, the two stock exchanges will also study the introduction of more exchange-traded funds (ETFs) and new environmental, social, and corporate governance (ESG) products and services.


"It seeks to develop a more integrated ecosystem to ease access to capital and the production of new investment solutions to suit the growing complexity of market participants' and investors' expectations," said SGX Chief Executive Officer Loh Boon Chye.


"Dual listings between the NYSE and SGX Group provide issuers with access to capital pools in significant markets outside of their home regions," the two bourses said.

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