Intel Lands Key First Customer for Chip '14A' Chip Tech with Tesla's Terafab Project, Musk Says
UPDATE 2-Intel lands key first customer for chip '14A' chip tech with Tesla's Terafab project, Musk saysAdds background about Intel and 14A in paragraph 2 and 3, adds analyst comment in paragraph 7. April 22 - Tesla's TSLA.O Chief Executive Officer Elon Musk said on Wednesday the company plans to use Intel's INTC.O advanced 14A manufacturing process to make chips at its Terafab project.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. Intel's forthcoming "14A" chipmaking technology aims to compete with top rival Taiwan Semiconductor Manufacturing Co 2330.TW, but Intel had not yet disclosed a major external customer."It’s important to have multiple partners as early design partners to help clean the pipe and work through needed learnings at the leading edge. They will definitely have scale, so a great first non-Intel customer," Bajarin said.
