Elon Musk spoke virtually at ASML's annual tech conference, emphasizing the critical role of ASML's advanced chipmaking machines for his upcoming Terafab chip plant in Texas. Terafab aims to produce chips for Tesla and SpaceX, expanding SpaceX's focus beyond rockets into AI chip manufacturing. ASML, the sole maker of the $400 million EUV lithography machines essential for leading-edge chip production, is a key supplier for Terafab. Despite some employee pushback at ASML over Musk's political controversies, the project moves forward with significant tax incentives secured in Texas, with costs estimated between $55 billion and $119 billion.
In 2026, the iShares Semiconductor ETF (SOXX) has outperformed the VanEck Semiconductor ETF (SMH) by capturing a broader range of semiconductor stocks, especially equipment makers, resulting in an 86.78% gain versus SMH's 64.11%. SOXX's index favors ...
Polymarket prices a 100% chance SpaceX will complete its IPO by June 30, targeting $135 per share to raise $75 billion. The IPO proceeds could fund Terafab, a massive chip manufacturing facility planned by SpaceX in collaboration with Tesla and Intel...
Elon Musk has unveiled plans for Terafab, a colossal semiconductor factory in Texas designed to dramatically increase US chip production, potentially doubling current national capacity. The facility aims to produce up to 1 terawatt of chip output ann...
Elon Musk revealed plans for Terafab, a huge 100 million square foot chip factory targeting one terawatt of annual compute hardware output, about double current U.S. chip consumption. The project involves Tesla, SpaceX, and Intel, aiming for vertical...
Elon Musk, the world's richest person, will be the keynote speaker at ASML's private technology conference this Thursday. ASML is Europe's largest company by market capitalization, and Musk's appearance comes just before the public listing of SpaceX'...
