Elon Musk Joins ASML Annual Tech Conference Ahead of SpaceX IPO
Elon Musk, CEO of SpaceX, participated in ASML's annual technology conference via video link, signaling strategic moves for the Terafab chip factory project just before SpaceX's anticipated IPO.
📋 Article Processing Timeline
- 📰 Published: June 12, 2026 at 19:24
- 🔍 Collected: June 13, 2026 at 00:43 (5h 19m after Published)
- 🤖 AI Analyzed: June 13, 2026 at 09:47 (9h 4m after Collected)
Central Message
(CNA, New York, 11th – comprehensive foreign report) On the eve of SpaceX launching what could be the largest initial public offering (IPO) in history, CEO Elon Musk today joined ASML’s annual technology conference—the Netherlands-based company being Europe’s most valuable firm—and addressed its employees.
According to U.S. media CNBC, ASML, as the sole supplier of critical advanced chipmaking equipment, is likely to become a supplier for Musk’s planned large-scale chip factory, Terafab, in Texas.
Musk joined the ASML annual tech conference via video link and engaged in dialogue with CEO Christophe Fouquet. The event was exclusive to employees, but ASML confirmed Musk’s participation.
Just days earlier, Musk posted on social platform X: "ASML should be cherished and supported. It is arguably Europe’s greatest company."
Musk formally announced the Terafab project in March this year, aiming to manufacture chips for Tesla and SpaceX, the latter of which owns the modular AI lab xAI.
Headquartered in the Netherlands, ASML is the world’s only manufacturer of extreme ultraviolet (EUV) lithography machines. Each machine costs up to $400 million and is indispensable for producing advanced semiconductor chips.
Without ASML’s EUV machines, the world’s three leading chipmakers—TSMC, Samsung, and Intel—would be unable to produce cutting-edge AI chips.
With EUV equipment set to be essential for Terafab, and SpaceX recently signing agreements to provide computing power to Google and Anthropic, demand for chips in its data centers is growing rapidly.
If completed, Terafab’s construction cost is estimated to range between $55 billion and $119 billion. Last week, despite opposition from nearby residents, SpaceX secured tax incentives for the project following a controversial public hearing in Grimes County, Texas.
Internally at ASML, Musk’s appearance also faced opposition. According to the Dutch newspaper Eindhovens Dagblad, prior to the tech conference, a group of employees wrote on the company’s internal communication platform that Musk’s presence conflicted with ASML’s values, criticizing his involvement in controversial U.S. political issues.
ASML has long maintained a neutral image to ensure smooth cooperation with its complex global customer network.
ASML is currently expanding its headquarters campus in Eindhoven, with the new site scheduled to open in 2028. (Translation: Liu Shu-chin) 1150612
(CNA, New York, 11th – comprehensive foreign report) On the eve of SpaceX launching what could be the largest initial public offering (IPO) in history, CEO Elon Musk today joined ASML’s annual technology conference—the Netherlands-based company being Europe’s most valuable firm—and addressed its employees.
According to U.S. media CNBC, ASML, as the sole supplier of critical advanced chipmaking equipment, is likely to become a supplier for Musk’s planned large-scale chip factory, Terafab, in Texas.
Musk joined the ASML annual tech conference via video link and engaged in dialogue with CEO Christophe Fouquet. The event was exclusive to employees, but ASML confirmed Musk’s participation.
Just days earlier, Musk posted on social platform X: "ASML should be cherished and supported. It is arguably Europe’s greatest company."
Musk formally announced the Terafab project in March this year, aiming to manufacture chips for Tesla and SpaceX, the latter of which owns the modular AI lab xAI.
Headquartered in the Netherlands, ASML is the world’s only manufacturer of extreme ultraviolet (EUV) lithography machines. Each machine costs up to $400 million and is indispensable for producing advanced semiconductor chips.
Without ASML’s EUV machines, the world’s three leading chipmakers—TSMC, Samsung, and Intel—would be unable to produce cutting-edge AI chips.
With EUV equipment set to be essential for Terafab, and SpaceX recently signing agreements to provide computing power to Google and Anthropic, demand for chips in its data centers is growing rapidly.
If completed, Terafab’s construction cost is estimated to range between $55 billion and $119 billion. Last week, despite opposition from nearby residents, SpaceX secured tax incentives for the project following a controversial public hearing in Grimes County, Texas.
Internally at ASML, Musk’s appearance also faced opposition. According to the Dutch newspaper Eindhovens Dagblad, prior to the tech conference, a group of employees wrote on the company’s internal communication platform that Musk’s presence conflicted with ASML’s values, criticizing his involvement in controversial U.S. political issues.
ASML has long maintained a neutral image to ensure smooth cooperation with its complex global customer network.
ASML is currently expanding its headquarters campus in Eindhoven, with the new site scheduled to open in 2028. (Translation: Liu Shu-chin) 1150612
FAQ
Where will Terafab be built?
In Grimes County, Texas, USA. It has secured tax incentives despite local opposition.
Why are ASML's EUV machines hard to obtain?
Due to extreme technical complexity, strict export controls, and limited annual production capacity.
What impact will SpaceX's IPO have?
It will accelerate funding, boosting Terafab and Starship development.
What will the chips from Terafab be used for?
Primarily for Tesla's self-driving, SpaceX missions, and xAI's AI processing.
When will ASML's new campus be completed?
The new campus in Eindhoven, Netherlands, is scheduled for completion in 2028.