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

India's Tata Electronics has signed a deal with Dutch technology giant ASML to build a major semiconductor plant in western India, as Prime Minister Narendra Modi visited the Netherlands during his European tour. The agreement, announced on Saturday, will support the development of Tata's semiconductor facility in Dholera, Gujarat - Modi's home state. The Dutch company said it would help "establish and ramp up" production at the plant by supplying its cutting-edge chipmaking tools. Tata Electronics plans to invest $11bn in the facility, which is expected to manufacture chips for artificial intelligence, the automotive industry and other sectors. ASML chief executive Christophe Fouquet said the company saw "many compelling opportunities" in India's growing semiconductor industry.