{"id":12974,"date":"2026-05-17T14:46:07","date_gmt":"2026-05-17T14:46:07","guid":{"rendered":"https:\/\/www.europesays.com\/netherlands\/12974\/"},"modified":"2026-05-17T14:46:07","modified_gmt":"2026-05-17T14:46:07","slug":"asml-tata-sign-semiconductor-deal-as-modi-visits-netherlands","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/netherlands\/12974\/","title":{"rendered":"ASML-Tata sign semiconductor deal as Modi visits Netherlands"},"content":{"rendered":"

India’s Prime Minister Narendra Modi witnessed on Saturday the signing of a deal between Dutch tech giant ASML and Tata Electronics to help build and scale up a semiconductor plant in India.<\/p>\n

The deal came as Modi visited the Netherlands.<\/p>\n

ASML, which makes cutting-edge machines to manufacture semiconductors, said it would “enable the establishment and ramp-up” of the Dholera plant in Modi’s home state of Gujarat in western India.<\/p>\n

The Dutch firm would deploy its advanced lithography tools in the plant, which enable 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 struck an economic partnership accord, following on from a free-trade agreement (FTA) between India and the European Union that Modi dubbed “the mother of all deals.”<\/p>\n

ASML<\/a>, Europe’s biggest tech firm by market value, said it saw “many compelling opportunities” in the Indian semiconductor sector.<\/p>\n

“We are committed to establishing long-term partnerships in the region,” said ASML’s chief executive officer, Christophe Fouquet.<\/p>\n

Tata Electronics’ plant, with a planned investment of $11 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, the world’s most populous nation and a fast-growing economy, as an important market for the future.<\/p>\n

“India’s strides in the world of semiconductors offer immense opportunities for the youth of our nation,” said Modi.<\/p>\n

“This is a sector in which we will keep adding vigour in the times to come.”<\/p>\n

‘Invest heavily’<\/p>\n

Dutch Prime Minister Rob Jetten told reporters that Dutch companies “can help India enormously to invest heavily there in the coming years and to create new employment for Indians.”<\/p>\n

“It offers Dutch companies tremendous opportunities to invest in India, but also to attract Indian talent to the Netherlands,” he said.<\/p>\n

Modi’s trip to the Netherlands was his second since 2017, as the two countries seek to boost bilateral trade from the $27.8 billion (23.7 billion euros) 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 inspected the centuries-old Chola Plates, rings with engraved copper plates, that are being returned to India by Leiden University.<\/p>\n

The Indian leader is on a whirlwind five-nation tour that has already taken in the United Arab Emirates (UAE) and will see Modi also visit Sweden, Norway, and Italy.<\/p>\n

In the UAE, home to 4.5 million Indians, Modi on Friday stressed the need for a “free, open and safe” Strait of Hormuz, the key oil shipping route blocked due to the U.S.-Israeli war with Iran.<\/p>\n

Modi heads to Sweden on Sunday, where he will address a European business leaders’ forum alongside EU chief Ursula von der Leyen, before heading to Norway a day later for an India-Nordic Summit.<\/p>\n

Modi’s final leg will be Italy on May 19, where Modi will meet Prime Minister Giorgia Meloni, with whom he has a close friendship.<\/p>\n

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