ASML signs semi-conductor deal with Tata Electronics
Dutch tech giant ASML signed a deal with Tata Electronics on May 16 to help build and scale up a semi-conductor plant in India, overseen by Prime Minister Narendra Modi on his tour of the Netherlands.
ASML, which makes cutting-edge machines to manufacture semi-conductors, said it would "enable the establishment and ramp-up" of the Dholera plant in Modi's home state of Gujarat in western India.
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.
The deal came as the Netherlands and India struck an economic partnership accord, following on from a free-trade agreement between India and the European Union that Modi dubbed "the mother of all deals."
