A Capacity Contract reserves a fixed block of Terafab's future wafer-manufacturing output at today's price. As the fab nears completion and real chip designers compete for a limited number of production slots, that reservation can become worth substantially more — or, if demand disappoints, less.
A Capacity Contract is a claim on a fixed number of wafer-starts at Terafab, deliverable in a defined future window once the fab reaches commercial production. Chip designers who need guaranteed manufacturing slots — the same scarcity that's driving today's AI chip shortage headlines — are the natural end-buyers of these contracts. You're not waiting for a coupon or a dividend: your return comes entirely from selling the contract for more than you paid, either to a chip designer directly or on Terafab FX's internal capacity market.
Unlike the other four products, Capacity Contracts have no fixed return, no revenue floor, and no equity claim on the company — their value is purely a function of future foundry demand at the specific moment your contract's delivery window arrives. If AI chip demand cools, or if competing fabs bring on capacity faster than expected, a contract can be worth less than you paid, including a total loss if it goes unfulfilled and unsold.
Contracts can be listed on Terafab FX's internal capacity market at any time after a 30-day minimum hold. Pricing is driven by live bid/ask activity from other investors and, closer to delivery, by direct interest from chip-design customers.
Purchased in BTC or USDT; proceeds from resale or fulfillment are settled in USDT.