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Elon Musk's SpaceX secures 100% property tax exemption for planned $55 billion Terafab semiconductor factory in Texas — county approves 35-year deal worth hundreds of millions despite resident backlash

Latest from Tom's Hardware ·Etiido Uko·5 months ago

#tomshardware #spacex #secured #property #abatement

SpaceX has secured a 35-year, 100% property tax abatement for its proposed $55 billion TeraFAB semiconductor facility in Texas. Elon Musk argues the exemption is essential to compete with global chipmakers, while residents raise concerns over…

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Elon Musk's SpaceX secures 100% property tax exemption for planned $55 billion Terafab semiconductor factory in Texas — county approves 35-year deal worth hundreds of millions despite resident backlash