India Delegation Visits Eindhoven, Eyes $14B Tata Fab and ASML Office Setup
India’s trade delegation visited Eindhoven to explore eight semiconductor projects, including a $14 billion Tata Electronics fab supported by up to 50% federal and 25% state subsidies. ASML confirmed plans to open a support office in India as Dutch chip firms seek production bases driven by U.S.-China export curbs.
1. India Trade Delegation in Eindhoven
A high-level delegation from India’s semiconductor mission visited Eindhoven to discuss investment opportunities in eight chip projects. Delegates met with local equipment makers and suppliers, emphasizing India’s push to develop a domestic fabrication ecosystem.
2. Subsidies Backing Chip Projects
India’s current subsidy program covers up to 50% of project costs at the federal level, with state governments adding 20% to 25% more. A second, larger program is slated for approval at the end of March, promising even deeper incentives.
3. ASML India Strategy and Diversification
ASML has announced plans to establish a support office in India, aiming to serve new local fabs and customers. This move aligns with a broader ‘China-plus-one’ strategy among Dutch chip firms responding to U.S.-China export controls.