financetom
Business
financetom
/
Business
/
Musk to speak at chip tool giant ASML event ahead of SpaceX IPO
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Musk to speak at chip tool giant ASML event ahead of SpaceX IPO
Jun 11, 2026 12:54 AM

* Musk to discuss Terafab chip plant plans at ASML employee

event via videolink

* Event coincides with expected SpaceX IPO pricing, ASML

confirms Musk's participation

* Musk aims for ASML, Intel ( INTC ) collaboration on Terafab to

supply chips for SpaceX, Tesla

By Toby Sterling

AMSTERDAM, June 11 (Reuters) - Elon Musk is expected to

appear virtually at an event by computer chip equipment giant

ASML on Thursday to discuss Terafab, his plan for a

massive chipmaking plant to supply Tesla and IPO-bound

SpaceX.

The pricing of the initial public offering of Musk's SpaceX,

potentially the largest ever, is expected later on Thursday.

"Musk will share his vision on AI, robotics, space, and

semiconductor manufacturing," an ASML spokesperson said in a

statement.

ASML describes its annual one-day technology conference as

an "internal event for employees only" and would not specify

when Musk will speak. The conference ends around 5 p.m. (1500

GMT).

ASML CEO Christophe Fouquet last month confirmed he has had

discussions with Musk over Terafab, potentially a large new

customer for ASML, Europe's biggest company by market valuation.

ASML dominates the market for lithography tools, machines that

help "print" the tiny circuitry of chips.

Musk has said SpaceX will cooperate with Intel ( INTC ) on

the Terafab project, and it will eventually supply chips for

SpaceX and for Tesla's Optimus robots.

In March, Musk laid out plans for an initial phase in which

a development plant in Texas will make lithography masks - which

contain the pattern for chips "printed" by ASML tools - to

quickly prototype both logic and memory chips under the same

roof.

"Musk and his team are becoming part of the broader

semiconductor ecosystem, and many companies, including ASML,

will collaborate on this initiative," ASML said.

In a June 6 statement on X, Musk said ASML is "arguably the

greatest company in Europe" and it should be "treasured and

supported."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved