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The Economic Times

Economy / The Economic Times

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Modi in Netherlands: One firm holds the key to India's chip ambition

Prime Minister Modi's visit to the Netherlands highlights India's critical reliance on ASML, the sole provider of advanced lithography machines, for its ambitious semiconductor manufacturing goals. This Dutch company's technology is indispensable for India's multi-billion-dollar chip project, underscoring ASML's pivotal role in India's pursuit of silicon sovereignty amidst global tech rivalries.

16 May 2026 1:53 pm