New Delhi, March 14 -- Tesla is preparing to move forward with a massive semiconductor manufacturing project aimed at meeting its rapidly growing artificial intelligence needs.

On Saturday (March 14), Tesla CEO Elon Musk announced that the company's "Terafab" project - a giga-sized AI chip manufacturing facility - could launch within the next seven days. The facility is expected to produce large volumes of advanced processors required for Tesla's artificial intelligence systems used in vehicles.

Musk has previously indicated that Tesla may need to build its own semiconductor manufacturing facility to meet its escalating demand for AI chips.

Speaking last year, he said Tesla would "probably have to build a gigantic chip fab" to support ...