TSMC confirms talks with Elon Musk over Texas Terafab but insists on operational control

TSMC chairman and CEO C.C. Wei says the company is discussing a possible role in Elon Musk's proposed Terafab project in Texas, but that TSMC would have to run any partner factory.

Wei made the remarks on the third-quarter earnings call, saying TSMC has sent teams to Texas to assess expansion and that talks have reached no firm conclusion. The ownership structure and scope of TSMC's involvement remain unclear.