Tata Electronics partners with Dutch ASML for chip manufacturing in India
Tata Electronics, the electronics arm of Indian conglomerate Tata, announced a formal partnership with Dutch firm ASML, the world's leading maker of advanced chip equipment, for semiconductor manufacturing. The deal is being read as one of the most important steps in New Delhi's strategy to capture a place in the global chip supply chain.
According to The Economic Times, Tata Electronics and ASML have formally launched a partnership for a next-generation semiconductor fabrication site in India. ASML is known as the world's monopoly maker of advanced lithography equipment. Under the agreement, ASML will provide technical support and training to Tata's chip-making infrastructure.
Resources channeled by the Indian government into the semiconductor sector over the past three years have surpassed $76 billion under the national "Make Chips in India" programme. The Modi administration wants to position India as one of the alternative hubs to Taiwan in the global supply chain. The Tata-ASML deal is the first major technological partnership step toward that goal.
In Asian trading, shares of Tata Sons, the listed partner of Tata Electronics, rose. Industry analysts say ASML's technology transfer to India has been shaped by US chip-export curbs on China. The first manufacturing milestones from the partnership are expected to mature toward the end of 2027.
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