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Industry

Tesla, SpaceX unveil details of $16.8 billion Terafab, Musk calls it most valuable building on Earth

Tesla and SpaceX have selected Grimes County, Texas as the site for Terafab, a semiconductor mega-factory, and put first-phase investment at about $16.8 billion. The companies project the site will exceed 100 million square feet when completed and describe it as the world’s largest chip manufacturing facility. SpaceX released renderings and said the design could change. The plan faces questions over funding certainty, water use and local opposition.

AI & Enterprise

Spiky talent gains attention in tech hiring market

The idea of “spike” talent is again drawing attention in big tech hiring, Business Insider reported. The term refers to candidates with an exceptional strength in a specific area rather than broadly balanced skills. As the job market tightens and AI blurs job boundaries, applicants face more pressure to differentiate themselves. Executives and investors cite the value of deep expertise, persistence and drive, while interview methods and career advice increasingly focus on identifying and demonstrating clear strengths.

Industry

Samsung Electronics\' chip unit makes up 99.7 percent of company operating profit

Samsung Electronics posted a 52 percent operating profit margin in the second quarter of 2026, up 9 percentage points from the previous quarter. It said revenue rose to 171.5 trillion won and operating profit to 89.5 trillion won, both record highs. The DS semiconductor unit accounted for 99.7 percent of operating profit. The company cited higher memory prices, increased shipments and a currency impact, while R&D and facility investment also climbed.