Grimes County commissioners consider tax abatements for SpaceX’s $55 billion Terafab chipmaking facility.
GRIMES COUNTY, Texas — One day after a rural Texas county declared a one-year moratorium on new data center developments in unincorporated areas, residents in Grimes County are trying to determine whether the largest potential development the county has ever seen could hurt or help them.
The Grimes County Commissioners Court is considering tax abatements for Space Exploration Technologies Corp.’s proposed $55 billion Terafab chipmaking facility, which could grow to a total investment of $119 billion with subsequent phases, at a location at the Gibbons Creek Reservoir, roughly 20 miles east of Bryan-College Station.
While the public notice about the potential tax abatements does not mention Terafab — a $20-plus billion joint venture of Musk’s Tesla Inc., xAI and SpaceX — by name, it describes the project as a “multi-phase, next-generation, vertically integrated semiconductor manufacturing and advanced computing fabrication facility, which would represent a transformative investment in domestic semiconductor manufacturing capacity.”
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