ASML Repurchases €125M Shares, Poised for $20B Musk Terafab EUV Demand
ASML repurchased ~21,000 shares daily at average €1,162–€1,201 under its January buyback, totaling ~€125M from March 16–20. Mizuho expects Elon Musk’s $20B Terafab rollout in 2026 to drive demand for EUV tools for sub-2nm capacity, positioning ASML as a key equipment supplier.
1. Share Buyback Update
ASML executed daily buybacks of 20,808–21,525 shares at weighted-average prices between €1,161.45 and €1,201.49, spending roughly €25M per day from March 16 to March 20 under its January-2026 share repurchase program.
2. Musk Terafab’s Equipment Needs
Elon Musk plans a $20B phased Terafab buildout in 2026, with early estimates calling for up to a terawatt of power and around 1 billion GPUs per year. The project’s reliance on sub-2nm capacity EUV tools would make ASML a principal supplier if funding and final plans proceed.