Dutch tech giant ASML might venture into chipmaking in India
What's the story
Dutch semiconductor equipment manufacturer ASML is looking to expand its presence in the Indian market. This comes as Prime Minister Narendra Modi pushes for a self-sufficient domestic chip industry. The company plans to partner with Indian firms and provide them with its state-of-the-art lithography solutions. The move is in line with India's goal of creating a local semiconductor ecosystem.
Strategic partnership
ASML CEO's statement at Semicon India summit
Speaking at the Semicon India summit in New Delhi, ASML CEO Christophe Fouquet said his company is looking to expand partnerships with Indian companies in the next year. He stressed, "We are dedicated to supporting India's ambition whether through collaboration, knowledge exchange or talent." He also added that "our advanced lithography solutions can help Indian fabs achieve cutting-edge performance." However, no details were shared on potential sales or timelines for these partnerships.
Market expansion
Modi government's push for local semiconductor ecosystem
The Modi government is keen on establishing a credible local semiconductor ecosystem, with the first made-in-India chips expected to hit markets by the end of this year. This could open up a new market for ASML's specialized machines, even as India focuses on making less advanced chips initially. The country is stepping up domestic semiconductor capacity amid global supply chain concerns.
Geopolitical constraints
ASML's growth outlook
ASML makes lithography systems that are critical for making advanced chips used in smartphones, medical devices, military tech, and AI. However, the company is tempering its growth outlook for 2026 due to semiconductor demand being affected by trade tensions. The firm has also faced geopolitical constraints with Washington restricting it from selling its most advanced machines to China.