Tera Portfoy Yonetimi said two of its investment funds it manages have failed to meet redemption requests, becoming the second asset manager in Turkey to announce default on some funds.

Terafab isn’t trying to beat NVIDIA. It’s building what NVIDIA can’t build alone! @JOBhakdi argues that advanced AI chips need fabs, packaging, power, supply chains, and a huge network of partners. NVIDIA is one critical piece, but Terafab could be the infrastructure connecting all of it. Think less “chip company” and more “city for the US semiconductor industry.” The bigger idea: Elon sees the bottlenecks and is building the missing pieces around them! $TSLA $SPCX $NVDA

TeraFab Are we getting closer to defining the TeraFab framework? April was: Tesla does the research line, SpaceX does the first phase of the large plant, then we figure out the rest. Tesla has started the pilot at Giga Texas, is hiring for TeraFab, and filed the name. SpaceX set up TeraFab AI, LLC, signed the Grimes County and school papers, and is hiring silicon engineers. What's next?

Terafab is not merely a larger fab. It is a thermodynamic rewrite of chipmaking. By replacing point-of-use laser-produced plasma with utility-scale ERL-FEL infrastructure, the consortium turns lithographic light into a shared utility generated centrally and distributed across the fab. That breaks dependence on the physical limits of tin-plasma sources and creates a tunable path toward 6.7 nm Beyond EUV: adjust the accelerator’s electron energy, shift the photon wavelength, and drive the next generation of patterning. The old model installs a light source inside every machine. The Terafab model builds a photon power plant. This is not just semiconductor scaling. It is the industrialization of light.

Terafab is insane. Terafab might fail. Terafab is just an announcement for now. But it’s a signal that the United States is going to try to become a critical hub for hardware manufacturing again. We’re going to embark on the journey. This is a huge deal. It is inspiring as fuck. Please look at how big this project is, and what the implications are if successful. Terafab would be a beating heart that would spawn many new arteries and veins. It would give suppliers a reason to exist and build. It’ll expand many industries around Terafab and throughout the USA. Everything is connected. Slap a massive machine of physical productivity into the heart of Texas, and many smaller machines spawn to help feed the beast. More people making money inside of the USA vs piping money back in from outside the USA. The USA desperately needs a manufacturing base again. For economic reasons but also for national security. It’s insane, it’s just an announcement, it might fail. But it’s a sign that the United States is going to attempt to re-ignite something we’ve lost. Anyone who says you shouldn’t be excited by it is a fuckin moron