Elon Musk said his company may find a better way to manufacture chips.

Musk believes his companies are very likely to “find a better way to manufacture chips than anyone else” because they have expertise in building custom equipment. Speaking to gathered customers and investors outside Tesla’s Gigafactory in Austin, Texas, Musk said that although he currently “has absolutely no idea how to manufacture microchips, we’ll figure it out.” Musk appeared on Saturday via livestream at the X Takeover event, noting that during visits to competitors’ facilities, he did not see much custom equipment, while his companies have extensive experience in building this type of equipment, which enables them to improve manufacturing processes.