Intel Corp., Tesla Inc., xAI, and SpaceX finalized a landmark TeraFab partnership on Tuesday, positioning Intel as a core technology and manufacturing partner to scale next-generation AI and semiconductor production.

Key Takeaways Intel announced an expanded partnership with Google Thursday, adding to a string of recent deals.Intel has seen its stock stock surge on optimism about deals with Nvidia, Tesla, and the U.

SpaceX, and xAI in a new Terafab AI chip manufacturing initiative focused on domestic production for advanced computing. The Terafab facility is intended to support AI, robotics, and autonomous vehicle workloads across the partnered companies.

Google LLC will adopt multiple future iterations of Intel Corp.’s Xeon processor series as part of a collaboration announced today. Shares of the chipmaker closed 4.7% higher on the news. Google will deploy the chips in its cloud platform.