India’s Tata and Dutch giant ASML sign semiconductor deal during Modi visit

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.