India’s Tata and Dutch giant ASML sign semiconductor deal during Modi visit

Tata Electronics signed a deal with ASML to build a semiconductor plant in Dholera, Gujarat, during Indian Prime Minister Narendra Modi's visit to the Netherlands. Announced on May 16, 2026, the agreement involves an $11 billion investment to manufacture chips for artificial intelligence and the automotive industry. ASML will supply chipmaking tools to help establish and ramp up production at the plant. This collaboration is part of efforts to strengthen economic ties between India and the Netherlands.