Tesla’s Musk says company plans to use Intel’s 14A process for Terafab

Tesla’s Chief Executive Officer Elon ​Musk said on Wednesday the company plans to use Intel’s advanced 14A manufacturing process to make chips at its Terafab project.
Intel’s ‌shares rose ‌2.8 percent in ​extended ‌trading.
Intel ⁠joined ​Musk’s Terafab ⁠AI chip complex earlier this month with SpaceX and Tesla to make processors to fuel the billionaire’s robotics ⁠and data center ‌ambitions.
“Given ‌that by the ​time ‌Terafab scales up, 14A ‌will be probably fairly mature or ready for prime time, 14A seems like the ‌right move, and we have a great ⁠relationship ⁠with Intel,” Musk said during Tesla’s earnings conference call.
The move could boost investor confidence in Intel’s next generation manufacturing process after the firm has previously struggled with yields ​for its ​chips.