Modi’s Netherlands tour is being treated as a semiconductor diplomacy moment, because India’s chip push hinges on one Dutch company: ASML of Veldhoven. India’s state-backed effort to cut import dependence includes a $14 billion Tata Electronics mega-fab in Dholera, Gujarat, with Taiwan’s Powerchip. But advanced lithography—the most precise, capital-heavy step—requires ASML equipment. ASML’s grip on EUV systems means India’s silicon sovereignty depends on access and supply continuity from a single global supplier.
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