ASML and Tata Electronics sign deal for India's first commercial chip fab

ASML, the Dutch lithography equipment maker, has signed a deal with Tata Electronics to supply lithography tools for India's first commercial semiconductor fabrication plant. The $11 billion facility will be built in Dholera, Gujarat. This partnership marks a significant step in India's push to establish a domestic chip manufacturing ecosystem, reducing reliance on imports. Tata Electronics, a subsidiary of the Tata Group, aims to produce chips for various applications, including automotive and consumer electronics. The deal underscores ASML's dominance in the lithography market, where it is the sole supplier of extreme ultraviolet (EUV) machines needed for advanced chip nodes. The plant is expected to bolster India's position in the global semiconductor supply chain.