Elon Musk has an ambitious plan to build a semiconductor factory. WEF Construction of Elon Musk's Texas chip factory is projected to cost up to $119 billion. The Terafab project aims to supply AI chips for Musk's companies. Morgan Stanley analysts had previously estimated the Terafab would cost $45 billion. SpaceX just shared the estimated construction cost of Elon Musk's ambitious chip factory in Texas — and it's higher than analysts' predictions. The Terafab project could initially cost $55 billion and rise to $119 billion if additional phases are constructed, according to a public notice posted on the Grimes County website. Musk announced the joint project between his companies, SpaceX, xAI, and Tesla, in March. His goal is for the Terafab to produce critical AI chips for Tesla's robotaxis and Optimus robot.…