📈 Tata-ASML Semiconductor Deal Signed during Modi Visit

India’s Tata Electronics has signed a landmark agreement with Dutch technology giant ASML to support a major semiconductor plant in Dholera, Gujarat, during Prime Minister Narendra Modi's official visit to the Netherlands. • Overall Investment: Tata Electronics plans to invest US$ 11.00 Bn in the facility, which will manufacture high-end microchips for artificial intelligence (AI), the automotive industry, and other technology sectors. • Strategic Partnership: ASML, Europe's largest tech company by market value, will supply its cutting-edge lithography chipmaking tools to help establish and ramp up production at the plant. • Economic Context: The deal underscores deepening economic ties between India and the Netherlands, aligning with India's broader push to secure foreign technology and investments to boost manufacturing, enhance regional supply chains, and create high-skilled employment. • Bilateral Engagement: The announcement coincided with high-level talks between PM Modi, Dutch Prime Minister Rob Jetten, and King Willem-Alexander to strengthen strategic bilateral cooperation.