ASML Holding shares rose over 5% on June 8, 2026. This movement followed public praise from Elon Musk and his scheduled participation in an internal ASML conference. Musk labeled ASML as arguably the greatest company in Europe prior to his virtual appearance to discuss the TeraFab project.
The TeraFab project is a joint venture between SpaceX, Tesla, and Intel to build a large-scale semiconductor plant in Texas. ASML CEO Christophe Fouquet confirmed direct negotiations with Musk and described the project as a serious endeavor.
ASML is the exclusive provider of extreme ultraviolet (EUV) lithography machines necessary for advanced semiconductor manufacturing. The TeraFab initiative provides the company with a significant potential customer and a substantial future order pipeline.