Tata Electronics and ASML Forge Semiconductor Partnership in Netherlands

Tata Electronics has entered into a Memorandum of Understanding with ASML, a leading semiconductor company, during Prime Minister Modi's visit to the Netherlands. This partnership aims to establish India's first semiconductor fabrication facility. PM Modi encouraged Dutch companies to invest in various sectors in India, highlighting the country's growing manufacturing capabilities and commitment to economic reforms. The collaboration signifies a pivotal step in India's semiconductor ambitions, with ASML pledging support for Tata's initiatives. Discover more about this significant development and its implications for India's tech landscape.

By Narendra Chaudhary May 17, 2026, 00:37 IST

Tata Electronics and ASML Sign MoU

On Saturday, a Memorandum of Understanding (MoU) was established between Tata Electronics and ASML, witnessed by Prime Minister Narendra Modi during his visit to the Netherlands, part of his five-nation tour. ASML stands out as a leading global semiconductor firm, particularly known for its lithography equipment. Prior to engaging in bilateral talks with Dutch counterpart Rob Arnoldus Adrianus Jetten, PM Modi met with top executives from major Dutch companies across various industries, including energy, ports, health, agriculture, and technology. The two leaders also emphasized the need for prompt execution of the India-EU Free Trade Agreement.

After the MoU signing, CEO Christophe Foquet remarked, "Semiconductors have become a significant focus for India, and Tata is poised to establish the nation's first semiconductor fabrication facility. This initiative is crucial, and through this agreement, we aim to support Tata with the best lithography solutions available, including products, technology, and personnel from ASML."

PM Modi Encourages Dutch Investment in India

During his address to business leaders, PM Modi urged Dutch firms to consider investment opportunities in India, especially in sectors like maritime, renewable energy, digital technologies, semiconductors, artificial intelligence, and healthcare. He stated, "We are consistently working to simplify compliance and enhance the business environment. Recent reforms in taxation, labor laws, and governance have been implemented to facilitate this."

The Prime Minister highlighted that manufacturing in India is becoming increasingly cost-effective, while the services sector is evolving into a hub of efficiency and innovation. "We invite you to design and innovate in India. There is no better time than now," he asserted. Modi described modern India as a beacon of scale and stability, noting that it is the fastest-growing major economy globally and boasts the largest talent pool. He emphasized India's unmatched speed in infrastructure development, clean energy, and connectivity.

Reflecting on his 12 years as Prime Minister of the world's largest democracy, Modi stated, "Through continuous reforms, we have transformed our economic framework. Our goal has been to provide policy predictability for the private sector and expand their opportunities." He affirmed that his administration has opened all sectors to private investment, including space, mining, and nuclear energy.