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Story summary
- Intel secured its first major external customer for the 14A node when Tesla committed.
- Tesla CEO Elon Musk said the company will use Intel's 14A process at its planned Austin Terafab.
- Intel shares rose 3.6% in extended trading after the news.
- Tesla shares fell in after-hours trading as investors questioned the higher capital outlay.
- Analysts said the deal helps Intel challenge TSMC, but the Terafab’s financing and timeline remain unclear.
