THE HAGUE, May 18 \u2014 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.<\/p>\n
ASML, which makes cutting-edge machines to manufacture semi-conductors, said it would \u201cenable the establishment and ramp-up\u201d of the Dholera plant in Modi\u2019s home state of Gujarat in western India.<\/p>\n
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.<\/p>\n
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 \u201cthe mother of all deals.\u201d<\/p>\n
ASML, Europe\u2019s biggest tech firm by market value, said it saw \u201cmany compelling opportunities\u201d in the Indian semiconductor sector.<\/p>\n
\u201cWe are committed to establishing long-term partnerships in the region,\u201d said ASML\u2019s chief executive officer Christophe Fouquet in a statement.<\/p>\n
Tata Electronics\u2019 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.<\/p>\n
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.<\/p>\n
On the other side, the EU has eyed India \u2013 the world\u2019s most populous nation and a fast-growing economy \u2013 as an important market for the future.<\/p>\n
Modi\u2019s trip to the Netherlands was his second since 2017, as the two countries seek to boost bilateral trade from the US$27.8 billion (\u20ac23.7 billion; RM109.94 billion) last year.<\/p>\n
Earlier Saturday, Modi also addressed a large crowd of Indian ex-pats and visited Dutch King Willem Alexander.<\/p>\n
During his trip, he will also inspect the centuries-old Chola Plates, rings with engraved copper plates, that are being returned to India by Leiden University. \u2014 AFP<\/p>\n","protected":false},"excerpt":{"rendered":"THE HAGUE, May 18 \u2014 Dutch tech giant ASML signed a deal with Tata Electronics Saturday to help…\n","protected":false},"author":2,"featured_media":12666,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[65,2454,10677,10678,9614,10203],"class_list":{"0":"post-12665","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-asml","8":"tag-asml","9":"tag-christophe-fouquet","10":"tag-dholera-plant","11":"tag-gujarat-india","12":"tag-narendra-modi","13":"tag-tata-electronics"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/posts\/12665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/comments?post=12665"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/posts\/12665\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/media\/12666"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/media?parent=12665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/categories?post=12665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/tags?post=12665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}