ASML Expands in India, Meets with PM Modi, Explores Chipmaking Partnerships
ASML, the global leader in chipmaking equipment, has been actively engaging with India's leadership. CEO Christophe Fouquet recently met with Prime Minister Narendra Modi, who is reportedly open to investments. The Dutch company is exploring partnerships and expansion in India, capitalising on the country's strong government support for domestic chipmaking and skilled workforce.
ASML's interest in India is evident in its participation at SEMICON India 2025, where it engaged with the local ecosystem and explored future opportunities. The company is in negotiations with Tata Electronics to equip a new semiconductor fab in Dholera, aiming to strengthen its presence as India's semiconductor ecosystem develops.
ASML's Executive Vice President of Global Public Affairs, Frank Heemskerk, has praised India's accessibility, contrasting it with the difficulty of accessing top European policymakers. The company seeks to offer its advanced lithography solutions and expertise to help Indian fabs achieve cutting-edge chip production. ASML's sole manufacturing of extreme ultraviolet (EUV) lithography machines makes it a crucial player in this field.
ASML's focus on India is part of its strategy to diversify markets amid global trade uncertainties. The company's positive experiences with Indian leadership and the potential of the Indian market make it an attractive destination for expansion. ASML's partnership with Tata Electronics and its plans to equip Indian fabs indicate a significant commitment to the region.
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