India, May 18 -- Tata Electronics and ASML have signed a Memorandum of Understanding that could become a defining moment in India's semiconductor ambitions. The agreement focuses on supporting Tata Electronics' upcoming 300 mm semiconductor fab in Dholera, Gujarat, while also strengthening India's larger semiconductor ecosystem.

The move comes at a time when countries across the world are trying to secure critical technology supply chains. For India, the partnership represents more than just another industrial agreement. It reflects a growing effort to build local manufacturing capabilities in a sector long dominated by a few global regions.

The collaboration will bring ASML lithography tools India needs for advanced chip manufacturing ...