2 min learnNew DelhiCould 17, 2026 10:14 AM IST
Tata Electronics and ASML on Saturday signed an settlement to construct India’s first front-end semiconductor fabrication plant within the state of Gujarat, because the nation accelerates efforts to develop a home chip business.
The Dutch chipmaking gear maker’s know-how will help Tata Electronics’ deliberate 300-millimetre semiconductor fabrication plant in Gujarat, the businesses stated in a joint assertion.
“India’s quickly increasing semiconductor sector represents many compelling alternatives, and we’re dedicated to establishing long-term partnerships within the area,” ASML CEO Christophe Fouquet stated.
Tata Electronics is growing the plant in Dholera, Gujarat, with an funding of $11 billion, geared toward producing chips for purposes starting from automotive and cellular units to AI, the assertion stated.
The deal was signed within the presence of Indian Prime Minister Narendra Modi and Dutch Prime Minister Rob Jetten, India’s Ministry of Exterior Affairs stated, including the 2 leaders additionally met chief executives from main Dutch corporations throughout sectors together with power, ports and know-how.
Modi urged Dutch corporations to put money into areas comparable to semiconductors, renewable power, digital applied sciences and healthcare, whereas each leaders referred to as for early implementation of an India-European Union free commerce settlement.
India has pledged billions of {dollars} in subsidies to draw semiconductor fabrication crops and associated manufacturing, with eight initiatives underway together with a $14 billion Tata Electronics facility in Gujarat.
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In the meantime, Dutch semiconductor companies are in search of new markets and geographical diversification amid export controls and commerce restrictions linked to U.S.-China know-how rivalry.
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