$300M for 70K Viewers | Intel x Elon, OpenAI x TBPN, Citrini's Strait of Hormuz Stunt

Intel Foundry just partnered with Elon Musk’s Terafab. What is Terafab anyway, why vertically integrated fabs make sense but the economics don’t (yet!), and what Intel is doing here (hint: no idea).

Then: OpenAI acquires TBPN for an estimated $100-300M. Not sure why, but the more interesting thing is the value of niche audiences when five companies control a trillion dollars in AI capex.

And finally, Citrini Research sent an analyst to the Strait of Hormuz with a Pelican case full of spy gear, $15K cash, and Cuban cigars. The most unhinged research trip in Substack history.

Austin Lyons — Chipstrat (https://chipstrat.com)                                                              Vik Sekar — Vik's Newsletter (https://www.viksnewsletter.com)

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