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SpaceX Unveils $55bn Semiconductor Expansion
  • May 13, 2026
  • Unity Times

by Anietie Udobit, Abuja

Elon Musk’s SpaceX has announced a massive $55 billion investment in a new semiconductor manufacturing facility in Texas.

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The project is expected to produce advanced microchips for artificial intelligence, robotics and aerospace technologies.

Industry experts say the expansion reflects intensifying global competition in semiconductor manufacturing and next-generation technology development.

The facility is projected to create thousands of jobs while strengthening America’s technological and industrial capabilities in emerging sectors.

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