Indian electronics and semiconductor manufacturing player Tata Electronics on Saturday said it has signed a Memorandum of Understanding (MoU) with a leading semiconductor equipment manufacturer, ASML for its lithography tools, critical for India's first fab and advancing of the semiconductor manufacturing ecosystem in India.
ET was the first to report on September 25 last year that the company was in talks with the Dutch multinational. The news of the partnership comes as prime minister Narendra Modi arrived in the Netherlands as part of a high-profile European tour focused heavily on clean technologies, renewable energy and advanced manufacturing.