Recently, Elon Musk detailed ambitious aspirations for a collaboration in chip production involving his companies, Tesla and SpaceX.

According to Bloomberg, Musk revealed his intentions on Saturday night during an event in Austin, Texas, presenting a photo that indicates the “Terafab” facility he envisions will be constructed close to Tesla’s Austin base and “gigafactory.”

Musk articulated that he’s pursuing this venture because chip manufacturers are not producing semiconductors rapidly enough to meet the demands of his companies’ artificial intelligence and robotics: “We either establish the Terafab or we lack the chips, and we require the chips, hence we establish the Terafab.”

The aim is to produce chips capable of supporting 100 to 200 gigawatts of computational power annually on Earth, as well as a terawatt in space, Musk stated. He did not provide a timeline for these initiatives.

As noted by Bloomberg, Musk lacks a background in semiconductor fabrication; however, he is known for frequently overpromising regarding objectives and deadlines.