SpaceX, Tesla to initially spend $16.8B on Terafab chip plant in Texas

> Elon Musk's SpaceX and Tesla will initially invest $16.8 billion to build Terafab, an advanced AI semiconductor complex in Grimes County, Texas, as the companies race to secure the chip capacity that the billionaire has called essential to their future.

> The facility is intended at narrowing the gap between global chip supply and the more than 1 terawatt of computing power that SpaceX and Tesla expect to need in the coming years.

Am I crazy or is 1 terrawatt "in the coming years" absurd?