"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. ASML, 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."
"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 maritim"
Prime Minister Narendra Modi visited the Netherlands and discussed expanding cooperation in defence and security with the Dutch prime minister. Tata Electronics signed an agreement with ASML to build a major semiconductor plant in western India, in Dholera, Gujarat. ASML, a leading supplier of advanced lithography machines, will provide cutting-edge chipmaking tools to establish and ramp up production at the facility. Tata Electronics plans to invest $11bn in the plant, expected to manufacture chips for artificial intelligence, the automotive industry, and other sectors. The deal supports deeper India–Netherlands economic ties, with India seeking foreign technology and investment to boost manufacturing and create jobs.
Read at www.aljazeera.com
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