ASML Pitches for India Business as Modi Eyes Chip Making

ASML Holding NV, a leading semiconductor equipment manufacturer, has expressed interest in expanding its business in India as Prime Minister Narendra Modi seeks to boost domestic chip production and reduce reliance on imports. The article highlights ASML's efforts to capitalize on India's growing ambitions in the semiconductor industry. Modi's government has been actively promoting local chip manufacturing to enhance the country's technological capabilities and reduce its dependence on foreign suppliers. ASML, a key supplier of lithography machines used in semiconductor production, is positioning itself to be a significant player in India's semiconductor ecosystem. The company's pitch comes at a time when the Indian government is actively seeking to attract investment and expertise in the chip-making sector. The article underscores the strategic importance of semiconductors in the modern digital landscape and India's desire to become a more self-reliant and technologically advanced economy. ASML's interest in the Indian market reflects the global competition for a share of the rapidly growing semiconductor industry.