AMSTERDAM: ASML Holding NV has entered into a partnership agreement with Tata Electronics Private Limited aimed at ramping up India’s goal to develop domestic chip-manufacturing capabilities.
The Dutch company’s technology will help power Tata Electronics’ planned 300 millimetre (12 inches) semiconductor foundry in Gujarat, according to a joint statement from the two companies last Saturday.
The signing of a memorandum of understanding coincides with a visit by Indian Prime Minister Narendra Modi to the Netherlands, which is looking to deepen bilateral relations with New Delhi.
ASML, whose top customers include Taiwan Semiconductor Manufacturing Co and Samsung Electronics Co, makes lithography machines that can print intricate patterns of transistors on silicon wafers to make cutting-edge semiconductors.
Last month, it raised its sales guidance for the year as chipmakers ramp up production to meet demand from big tech companies expanding their artificial intelligence computing capacity. — Bloomberg
