Elon Musk will virtually attend a closed-door technology conference run by ASML Holding NV to discuss his Terafab project, which the chip-equipment maker considers a 'serious endeavor.' According to reports from Bloomberg, ASML invited Musk to speak to employees about Terafab, a SpaceX-Tesla joint venture to produce cutting-edge chips for robotics, artificial intelligence and space data centers. The billionaire, who is the chief executive officer of both SpaceX and Tesla, will share his vision on AI, robotics, space, and semiconductor manufacturing at the event for ASML employees.
The joint venture, unveiled in March, recently announced plans to build a chip factory in the US which will cost at least $55 billion. As reported by Bloomberg, Musk wants the project to eventually support a terawatt of computing power per year, the amount he expects the firms to use in the future as he boosts investments in AI and robotics. The facility would aim to produce 2 nanometer chips, at the cutting edge of current technology. This ambition is to take on leaders like TSMC and do so at volumes far beyond the industry's current capacity.
According to Bloomberg, ASML is one of the most important companies in the AI supply chain and is the only company producing the most advanced lithography machines needed to make the semiconductors used in AI. The company, which supplies customers including Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co., recently became Europe's most valuable stock ever as the surge in artificial intelligence spending fuels demand for its machines. ASML's leadership has discussed the Terafab project with Musk, with the firm's spokesperson noting that 'Through Terafab, Musk and his team are becoming part of the broader semiconductor ecosystem, and many companies, including ASML, will collaborate on this initiative.'
