<div class=newsTextDataWrapInner>BENGALURU (Oct 7): Tesla and SpaceX CEO Elon Musk said on Wednesday that his companies will build and run the Terafab AI chip complex, with TSMC possibly subleasing a part of it.</div>

<div class=newsTextDataWrapInner>Terafab is a planned Tesla-SpaceX project in Texas that aims to build "a gigantic chip fab" to make artificial intelligence chips.</div>

<div class=newsTextDataWrapInner>Replying to a post on X that said the most likely outcome was TSMC owning and running the fab, Musk wrote: "No, we will build and run the fab. Let there be ZERO doubt about that."</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>"Maybe TSMC subleases part of the Terafab if they want, but nothing more than that," he added.</div>

<div class=newsTextDataWrapInner>Last week, Musk said that there had been discussions about potential cooperation with TSMC on the Terafab project, without giving further details.</div>

<div class=newsTextDataWrapInner>Earlier on Wednesday, Intel CEO Lip-Bu Tan told Bloomberg News that the US chipmaker, which is a partner in the project, will remain involved.</div>

<div class=newsTextDataWrapInner>Any involvement by TSMC could challenge Intel's role in Terafab, as Musk weighs partners for the chipmaking venture.</div>

<div class=newsTextDataWrapInner>TSMC and Intel did not immediately respond to requests for comment.</div>

<div class=newsTextDataWrapInner>Uploaded by Liza Shireen Koshy</div>

BENGALURU (Oct 7): Tesla and SpaceX CEO Elon Musk said on Wednesday that his companies will build and run the Terafab AI chip complex, with TSMC possibly subleasing a part of it.

Musk says TSMC won't run Terafab AI chip complex

Defence Minister Datuk Seri Mohamed Khaled Nordin is disputing the auditor general’s projection that the first of the long-delayed littoral combat ship (LCS1) would only achieve full operational readiness by December 2035.

Khaled disputes AG's 2035 readiness projection for long-delayed combat ships

E5: FBM KLCI falls to near-year low

US Treasuries resumed their retreat, lifting the 30-year yield back to its highest since 2002 as climbing oil prices raised concern about faster inflation and more central bank interest-rate increases.

US 30-year yields return to 2002 high with crude back above US$100

The Ministry of Human Resources (MOHR) has initiated intervention measures to protect the rights and assist 372 workers of CJ Bio Malaysia Sdn Bhd affected by the closure of the company's plant in Kerteh, Terengganu, from Oct 15.

CJ Bio plant closure: Intervention measures taken to protect rights of workers, says MOHR

LONDON/MILAN (Oct 7): Traders have turned more discerning following a bond market rout, dumping the debt of European countries they deem the riskiest and rushing to safe-haven Germany.

The moves highlight a new hierarchy in the ever-evolving rankings of ​European debt.

Fr...

Investors pick new darlings and duds as selloff rocks Europe's bond market

Prime Minister Datuk Seri Anwar Ibrahim said the fifth Madani budget is based on a clear resolve to strengthen the nation’s economy and translate growth into a better life for the people.

Anwar: Budget 2027 based on 'clear resolve' to strengthen economy, translate growth into better life

Retail prices for unsubsidised petrol will increase by 15 sen from Oct 8 to Oct 14 as Brent crude oil hovers around US$100 per barrel despite the recovery of crude oil flows from West Asia.

Unsubsidised petrol up 15 sen from Oct 8, diesel prices stay

The government has been urged to develop an online dashboard to enable the status of efforts to collect the federal government’s accounts receivable (ABT) to be monitored regularly.

Govt urged to create online dashboard to monitor accounts receivable collection

Cryptocurrencies fell on Wednesday as a wave of forced selling swept across digital-asset venues, with broader market jitters further weighing on risk appetite.

Bitcoin falls as US$600 mil in risky crypto bets wiped out

Datasonic Group Bhd (KL:DATASONIC) has terminated its proposed RM28.5 million acquisition of an industrial property in Petaling Jaya after a condition precedent requiring approval from the Fire and Rescue Department of Malaysia was not fulfilled.

Datasonic axes RM28 mil property deal after Fire Dept condition unmet

CIMB Group Holdings Bhd (KL:CIMB), Malaysia’s second-largest lender by assets, fell to its lowest in three months as banking stocks fell amid persistent concerns over rising bond yields.

Malaysian banking stocks fall as JPMorgan downgrades CIMB, AMMB

Worsening air pollution driven by wildfires in Indonesia prompted Malaysia to temporarily shut schools in one of its most populated states, just as a major Formula One race in neighbouring Singapore approaches.

Wildfire haze shuts Malaysia schools and looms over Singapore F1

The former Negeri Sembilan Undangs' court case linked to the ongoing power tussle in the state will now be battled out solely in the Seremban High Court.

Undangs withdraw case in KL, legal bid in Seremban remains

KUALA LUMPUR (Oct 7): Glove stocks were among Wednesday's most actively traded counters, led by Top Glove Corp Bhd (KL:TOPGLOV), though analysts cautioned the world's largest glove maker's strong finish to its financial year ended Aug 31, 2026 (FY2026) may not signal a sustained recovery.

Top Glove leads glove stocks higher on strong results, but analysts doubt recovery holds

Billionaire Ray Dalio warned that artificial intelligence (AI) is a “classic bubble” that is nearing a bursting point thanks to rising interest rates and the need to turn wealth into cash.

Ray Dalio says we’re nearing point where AI bubble may burst

KUALA LUMPUR (Oct 7): FTSE Bursa Malaysia KLCI extended its downward trend on Wednesday, falling to an 11-month low as persistent foreign selling and cautious sentiment amid elevated oil prices continued to weigh on the local market.

FBM KLCI slides to nearly a year low as foreign selling, high oil prices weigh on sentiment

The appeal records in former prime minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) criminal case are still not ready.

1MDB-Tanore: Appeal records not ready

Two corporate figures, who are brothers holding the titles of Datuk Seri and Datuk Wira respectively and who were previously remanded for five days to assist investigations into&nbsp;abuse of power and irregularities involving an investment of about RM10 million, have been released on Malaysian Anti-Corruption Commission (MACC) bail.

RM10m investment probe: Datuk Seri, Datuk Wira brothers out on MACC bail

KUALA LUMPUR (Oct 7): Apex Securities expects volatility to remain elevated in the fourth quarter for equities, citing higher oil prices, persistent geopolitical risks in the Middle East and interest rates staying higher for longer.

Volatility to stay elevated into 4Q for equities; Budget 2027 seen as stock-picking play — Apex Securities

KUALA LUMPUR (Oct 7): The High Court on Wednesday has asked Kuala Lumpur City Hall (DBKL) to reconsider whether it wants to continue pursuing its stay application of having to pay RM1.3 million in damages to a retired senior police officer and his wife, over their home being badly damaged after DBKL had allowed the construction of a condominium nearby.

KL City Hall told to reconsider continuing with stay order application over having to pay RM1.3 mil damages

KUALA LUMPUR (Oct 7): The 10 Negeri Sembilan executive councilors have filed an originating summons (OS) at the Seremban High Court to challenge the revocation of their appointments, which took effect on Sept 20.

All deposed Negeri Sembilan excos file suit challenging their expulsion

The KLIA aerotrain will undergo a scheduled software upgrade to strengthen its operational robustness and long-term performance following the completion of 20,000 continuous operational hours.

KLIA to shut down aerotrain for software upgrade

HI Mobility Bhd (KL:HI) is now attractive, said CGS International&nbsp;as it undervalues&nbsp;the bus operator’s growth story following the stock’s recent decline.

HI Mobility now undervalued after recent decline, says CGS International as it starts coverage with 'buy'

PEN SJ Electronics Sdn Bhd has pledged to invest over US$70 million (RM286.1 million) to establish an advanced packaging materials and thermal management solutions facility in Penang, which is expected to create more than 1,000 jobs.

China firm to invest over US$70m in Penang, create more than 1,000 jobs — CM

TUN Dr Hasmah Mohd Ali, one of Malaya’s earliest Malay women doctors and a pioneering public health physician who would spend decades at the centre of Malaysian public life, died on Sept 28 at the age of 100.

Malaysians knew her as Siti Hasmah, though she said in a 2024 podcast intervie...

TRIBUTE | Tun Dr Hasmah — a trailblazer in women’s healthcare and community welfare

The 16th Melaka election will be held on Nov 14, the Election Commission (EC) announced after a special meeting on Wednesday.

Melaka polls on Nov 14

KUALA LUMPUR (Oct 7): Tax collection in Malaysia rose to RM129.6 billion in the first half of 2026 from RM119.1 billion a year earlier, supported by higher corporate income tax and sales and service tax (SST) receipts, the Dewan Rakyat heard on Wednesday.

Higher corporate tax, SST receipts lift first-half collection to RM129.6 bil, Dewan Rakyat told

Pasir Gudang member of parliament Hassan Abdul Karim urges the government to reject any bailout request from airlines as taxpayers should not bear the cost of rescuing a private company.

Govt should not bail out troubled airlines, says Pasir Gudang MP

ACCESS to Arm’s Compute Subsystem (CSS) would lower the technological barrier for Oppstar Bhd (KL:OPPSTAR) to develop an advanced chip.

But an Arm token is not an instant earnings booster, Oppstar’s senior executives acknowledge in an interview with The Edge.

Its chief operati...

Arm CSS gives Oppstar a head start, not a shortcut to earnings

The first witness for the Federal Land Development Authority conceded in High Court on Wednesday that competing bidders for the agency's prime land along Jalan Semarak were not owned by Synergy Promenade Sdn Bhd shareholder and director Abdul Rahman Soltan, after initially suggesting otherwise.