ASML CEO Christophe Fouquet confirmed direct talks with Elon Musk about the $119 billion TeraFab megaproject in Texas,...

ASML CEO Christophe Fouquet confirmed direct talks with Elon Musk about the $119 billion TeraFab megaproject in Texas, signaling a potential massive equipment order pipeline for ASML (Source 1). Fouquet described Musk as "very serious" about the project, which would require billions in ASML EUV and High-NA tools. Separately, Intel CEO Lip-Bu Tan confirmed that Intel's 14A node development is on track with a critical PDK v0.9 due in October, and the company is already working on 10A and 7A nodes—all reliant on ASML's High-NA EUV systems (Source 2). Fouquet also noted first High-NA chips are expected within months, underscoring growing demand for ASML's cutting-edge tools. Combined, these events point to robust future demand for ASML's lithography systems, despite potential export control headwinds. The TeraFab project, if realized, would be one of the largest semiconductor facilities ever, directly benefiting ASML's order book. Intel's roadmap further secures ASML's role as the sole supplier of EUV and High-NA tools for leading-edge nodes. The confidence is medium due to the early stage of TeraFab and reliance on CEO statements without finalized orders, but the combination of multiple demand drivers strengthens the bullish outlook.