ASML Partners With Tata Electronics to Advance India Chip Plans

ASML Holding NV entered into a partnership agreement with Tata Electronics Private Limited aimed at ramping up India’s goal to develop domestic chip-manufacturing capabilities.

The Dutch company’s technology will help power Tata Electronics’ planned 300 millimeter (12 inch) semiconductor foundry in Gujarat, according to a joint statement from the two companies on Saturday. The signing of a memorandum of understanding coincides with a visit by Indian Prime Minister Narendra Modi to the Netherlands, which is looking to deepen bilateral relations with New Delhi.