Elon Musk is scheduled to present SpaceX’s Terafab chip project to employees of ASML, the Dutch semiconductor equipment manufacturer whose lithography machines are essential to producing the world’s most advanced chips. The virtual fireside chat with ASML CEO Christophe Fouquet is set for the company’s annual technology conference on June 11-12, 2026.
What Terafab actually is
Terafab is a vertically integrated semiconductor project announced on March 21, 2026, designed as a joint effort between Tesla, SpaceX, and xAI. Intel is contributing 14A process technology, making this a rare instance of Musk partnering deeply with an established chipmaker rather than building everything from scratch.
The initial funding target sits at $20 billion to $25 billion. The facility itself, planned for Grimes County, Texas, carries a price tag of $55 billion, with total projected costs ballooning to $119 billion over time.
The stated goal is annual production of more than 1 terawatt of AI computing power.
