US Stock Market Move | ASML Holding NV ADR (ASML.US) rose almost 4%, attracting attention with its billion-dollar chip project.
On Tuesday, ASML (ASML.US) rose nearly 4%, to $1816.56.
On Tuesday, ASML Holding NV ADR (ASML.US) rose nearly 4% to $1816.56. In terms of news, it was reported that ASML Holding NV ADR CEO Christopher Fuy confirmed that he has engaged in direct dialogue with Elon Musk regarding Musk's plans for the "TeraFab" superchip manufacturing plant in Texas. Fuy emphasized that Musk is taking the semiconductor project very seriously.
A notice for a public hearing on tax breaks disclosed by Texas earlier defined the project, codenamed "TeraFab" as a "multi-stage, next-generation, vertically-integrated semiconductor manufacturing and advanced computing wafer fab." The initial investment for the project is estimated at $55 billion, with a total investment potentially reaching an astonishing $119 billion. The factory aims to provide core AI infrastructure and support for autonomous driving chips for Musk's Tesla, Inc., xAI, and SpaceX companies.
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