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India & ASML Forge Chipmaking Pact in Gujarat
17 May
Summary
- India's first front-end semiconductor fabrication plant is set to be built.
- The plant will be established in Dholera, Gujarat, with an $11 billion investment.
- Tata Electronics and Dutch firm ASML signed the landmark agreement.
India is accelerating its push for a domestic chip industry through a new partnership between Tata Electronics and ASML. The two companies have signed an agreement to construct India's inaugural front-end semiconductor fabrication plant in Dholera, Gujarat. This state-of-the-art facility will utilize ASML's sophisticated technology for producing 300-millimetre semiconductor wafers.
The ambitious project involves an investment of $11 billion and is poised to manufacture chips essential for sectors such as automotive, mobile devices, and artificial intelligence. The agreement was formalized in the presence of Indian Prime Minister Narendra Modi and Dutch Prime Minister Rob Jetten, underscoring the international cooperation driving this initiative.
