Billionaire Elon Musk said Wednesday he plans to use Intel’s forthcoming 14A production technology to make chips in his “Terafab” project for artificial intelligence, self-driving cars and spaceflight.

April ⁠22 (Reuters) - ⁠Tesla's Chief ⁠Executive ​Officer Elon ‌Musk ‌said ⁠on Wednesday ⁠the company plans ​to ​use Intel's ⁠advanced 14A ⁠manufacturing ⁠process for ​making chips ​at ⁠its ⁠Terafab project. Intel shares were up ⁠2.6% in extended trading.

In the latest big AI deal, Meta has inked a multibillion-dollar deal to use Amazon's new AWS Graviton chips, which are CPUs, not GPUs.

Cisco has introduced a switching chip designed to connect different types of quantum computers, aiming to create a quantum internet similar to the traditional internet. The chip works at room temperature,

Tesla plans to use Intel’s 14A chip technology for Musk’s Terafab AI project, boosting Intel’s contract ambitions amid rising AI semiconductor demand.

The move marks a breakthrough for Intel, which has been trying to revamp its business to attract outside customers to use its chip manufacturing technology.

The Silicon Valley chip maker filed a prospectus just as SpaceX, Anthropic and OpenAI prepared for their own listings, in what is shaping up to be a wave of enormous initial public offerings.

A growing number of tech companies are making their own chips in an effort to be less dependent on Nvidia. Nvidia's stock trades at a high earnings multiple, which means investors are pricing in a lot of future growth.

A South Korean court said on Wednesday it had sentenced a former researcher at Samsung Electronics to ​seven years in prison for leaking semiconductor technology ‌to a Chinese company.