Tesla Expands Custom Chip Production with New AI and Chip Engineer Hiring Spree

Tesla is embarking on a significant expansion of its custom chip production capabilities, with a focus on artificial intelligence applications. The company is hiring silicon module process engineers across various disciplines, including lithography, etch, deposition, epitaxy, metals, implant, polish, and metrology and inspection. This move signals Tesla’s push towards independent, high-volume production of custom chips for AI applications.

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Tesla's AI Announcement Adds $90 Billion, Yet EV Fundamentals Raise Concerns

Tesla’s stock price skyrocketed to $420 per share, a 7.5% intraday surge, following the company’s announcement of its next-gen ‘AI5/AI6’ chips for its Dojo supercomputer platform and a potential robotaxi fleet expansion. This announcement added approximately $90 billion to the company’s market capitalization during Tuesday’s trading. However, despite the excitement surrounding the AI announcements, Tesla’s core electric vehicle (EV) business is showing signs of trouble.

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