Elon Musk admits lack of experience in chipmaking

Elon Musk, after recently predicting China could catch up in semiconductor manufacturing within two to three years, has now said he personally doesn't know how to make chips. Speaking to a Tesla owners group, Musk admitted he and his team have much to learn in this area. He's aiming to modify existing equipment to boost wafer production at his Terafab project, but says the initiative could take several years to deliver results.

• Musk recently forecast China's chip breakthrough within a few years
• He's acknowledged his own inexperience in chip manufacturing
• Plans involve modifying standard chipmaking tools for higher output
• Terafab project could take years to show progress
• TSMC may only lease equipment, not partner more deeply