May 16 (Reuters) – Tata Electronics and ASML on Saturday signed an agreement to build India’s first front-end semiconductor \u200cfabrication plant in the state of Gujarat, as the \u200ccountry accelerates efforts to develop a domestic chip industry.<\/p>\n
The Dutch chipmaking equipment maker’s \u200btechnology will support Tata Electronics\u2019 planned 300-millimetre semiconductor fabrication plant in Gujarat, the companies said in a joint statement.<\/p>\n
“India’s rapidly expanding semiconductor sector represents many compelling opportunities, and we are committed \u200cto establishing long-term partnerships \u2060in the region,” ASML CEO Christophe Fouquet said.<\/p>\n
Tata Electronics is developing the plant in Dholera, Gujarat, with \u2060an investment of $11 billion, aimed at producing chips for applications ranging from automotive and mobile devices to AI, the statement said.<\/p>\n
The \u200bdeal was \u200bsigned in the presence of \u200bIndian Prime Minister Narendra \u200cModi and Dutch Prime Minister Rob Jetten, India’s Ministry of External Affairs said, adding the two leaders also met chief executives from leading Dutch companies across sectors including energy, ports and technology.<\/p>\n
Modi urged Dutch companies to invest in areas such as \u200csemiconductors, renewable energy, digital technologies and healthcare, \u200bwhile both leaders called for early \u200bimplementation of an India-European \u200bUnion free trade agreement.<\/p>\n
India has pledged billions of \u200cdollars in subsidies to attract \u200bsemiconductor fabrication plants \u200band related manufacturing, with eight projects underway including a $14 billion Tata Electronics facility in Gujarat.<\/p>\n
Meanwhile, Dutch semiconductor firms are \u200bseeking new markets \u200cand geographical diversification amid export controls and trade restrictions \u200blinked to U.S.-China technology rivalry.<\/p>\n
(Reporting by Disha Mishra in \u200bBengaluru. Editing by Mark Potter)<\/p>\n","protected":false},"excerpt":{"rendered":"May 16 (Reuters) – Tata Electronics and ASML on Saturday signed an agreement to build India’s first front-end…\n","protected":false},"author":2,"featured_media":14325,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[65,2219,520,10203],"class_list":["post-14324","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asml","tag-asml","tag-india","tag-semiconductor","tag-tata-electronics"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/posts\/14324","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=14324"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/posts\/14324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/media\/14325"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/media?parent=14324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/categories?post=14324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/tags?post=14324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}