ASML says Terafab is 'serious endeavor', Musk to speak at company event

Tesla Motors, Inc.
ASML Holding NV ADR

Tesla Motors, Inc.

TSLA

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ASML Holding NV ADR

ASML

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By Toby Sterling

- Computer chip equipment maker ASML ASML.AS said on Saturday that Elon Musk will speak at an internal company technology conference this week, discussing his vision for Terafab, a large scale chip plant that would supply Tesla TSLA.O and Space X.

ASML, as the largest supplier of chip-making equipment, is well-placed to become a vendor to Terafab, and the company described itself as a collaborator in what it termed a "serious endeavor."

  • "Through Terafab, Musk and his team are becoming part of the broader semiconductor ecosystem, and many companies, including ASML, will collaborate" on it, ASML said.

  • ASML has previously confirmed talks with Musk over Terafab

  • The company's technology conference is a virtual conference that only employees may attend

  • ASML says Musk will also discuss his vision for AI and robotics.

  • ASML conference scheduled for June 9-10