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Dutch chip giant ASML signs deal with Tata to power India semiconductor ...
Tata Electronics CEO Randhir Thakur (left) shakes hands with Indian Prime Minister Narendra Modi as Netherlands’ Prime Minister Rob Jetten (left) shakes hands with ASML CEO Christophe Fouquet (right) after signing documents for the Memorandums of Understanding (MoU) during an official visit of India’s Prime Minister in The Hague on May 16, 2026. — AFP pic (New users only) It's tax relief season! Get up to RM300 when you save with Versa! Plus, enjoy an additional FREE RM10 when you sign up using code VERSAMM10 with a min. cash-in of RM100 today. T&Cs apply. Sunday, 17 May 2026 9:39 AM MYT THE HAGUE, May 18 — Dutch tech giant ASML signed a deal with Tata Electronics Saturday to help build and scale up a semi-conductor plant in India, overseen by Prime Minister Narendra Modi on his tour of the Netherlands.ASML, which makes cutting-edge machines to manufacture semi-conductors, said it would “enable the establishment and ramp-up” of the Dholera plant in Modi’s home state of Gujarat in western India.The Dutch firm would deploy its advanced lithography tools in the plant, which allow for the rapid mass production of high-tech microchips, found in everything from cars to mobile phones.The deal came as the Netherlands and India were set to strike an economic partnership accord, following on from a free-trade agreement between India and the European Union that Modi dubbed “the mother of all deals.”ASML, Europe’s biggest tech firm by market value, said it saw “many compelling opportunities” in the Indian semiconductor sector.“We are committed to establishing long-term partnerships in the region,” said ASML’s chief executive officer Christophe Fouquet in a statement.Tata Electronics’ plant, with a planned investment of US$11 billion (RM43.5 billion), will make semiconductor chips for the AI sector, as well as the car industry and other economic segments.New Delhi sees the European bloc as an important source of much-needed technology and investment to rapidly upscale its infrastructure and create millions of new jobs.On the other side, the EU has eyed India – the world’s most populous nation and a fast-growing economy – as an important market for the future.Modi’s trip to the Netherlands was his second since 2017, as the two countries seek to boost bilateral trade from the US$27.8 billion (€23.7 billion; RM109.94 billion) last year.Earlier Saturday, Modi also addressed a large crowd of Indian ex-pats and visited Dutch King Willem Alexander.During his trip, he will als...
India's Tata and Dutch giant ASML sign semiconductor deal during Modi ...
Prime Minister Narendra Modi says his talks with the Dutch PM also focused on expanding cooperation in defence and security.India’s Tata Electronics has signed a deal with Dutch technology giant ASML to build a major semiconductor plant in western India, as Prime Minister Narendra Modi visited the Netherlands during his European tour.The agreement, announced on Saturday, will support the development of Tata’s semiconductor facility in Dholera, Gujarat – Modi’s home state.Recommended Stories list of 4 itemslist 1 of 4Activists troll far-right UK rally with giant pro-immigration cliplist 2 of 4Algeria’s USM Alger beat Egypt’s Zamalek to win CAF Cuplist 3 of 4Ronda Rousey retires again after 17-second submission defeat of Gina Caranolist 4 of 4‘Timmy’ the rescued humpback whale confirmed deadend of listASML, Europe’s largest technology company by market value, manufactures advanced lithography machines used to produce high-end microchips found in products ranging from mobile phones to cars.The Dutch company said it would help “establish and ramp up” production at the plant by supplying its cutting-edge chipmaking tools.Tata Electronics plans to invest $11bn in the facility, which is expected to manufacture chips for artificial intelligence, the automotive industry and other sectors.ASML chief executive Christophe Fouquet said the company saw “many compelling opportunities” in India’s growing semiconductor industry.“We are committed to establishing long-term partnerships in the region,” Fouquet said in a statement.The deal comes as India and the Netherlands move to deepen economic ties, with New Delhi seeking foreign technology and investment to boost manufacturing and create jobs.The European Union has increasingly viewed India – the world’s most populous country and one of its fastest-growing economies – as a key future market.During his visit, Modi held talks with Dutch Prime Minister Rob Jetten and met King Willem-Alexander.“My conversations with Prime Minister Rob Jetten were extensive and covered a wide range of topics,” Modi wrote on X.“One of them was defense and security. I spoke about the possibility of drawing up an action plan for the defense industry as quickly as possible. We can also collaborate in sectors such as space travel, maritime systems, and maritime security.”Modi also addressed members of the Indian diaspora and is expected to inspect centuries-old Chola copper plates being returned to India by Leiden University.Indian and Dutch offici...
Tata Electronics and ASML partner on India's first semiconductor fab
Tata Electronics and ASML on Saturday signed an agreement to build India's first front-end semiconductor fabrication plant in the state of Gujarat, as the country accelerates efforts to develop ...
Tata Electronics, ASML ink pact to boost semiconductor manufacturing in ...
Tata Electronics and Dutch chip equipment major ASML signed an agreement on Saturday to boost India's semiconductor manufacturing ecosystem as Prime Minister Narendra Modi and his Netherlands ...
