Highlights

ASML seeks Indian partners. Focus on India's chip strategy. ISM 2.0 underway.

Latest news

"PM wanted consumer price not to increase," Finance Minister Nirmala Sitharaman hails decision on fuel excise cuts

"PM wanted consumer price not to increase," Finance Minister Nirmala Sitharaman hails decision on fuel excise cuts

AI-Native Lending Platform Uncia Raises INR 25 Crores from Pavestone VC to Scale Globally

AI-Native Lending Platform Uncia Raises INR 25 Crores from Pavestone VC to Scale Globally

Smallest.ai launches Lightning V3, a new text-to-speech model that beats OpenAI, Cartesia, and ElevenLabs on key voice quality benchmarks

Smallest.ai launches Lightning V3, a new text-to-speech model that beats OpenAI, Cartesia, and ElevenLabs on key voice quality benchmarks

India's Used Car Market Shifts Gears as Tier-2 Cities Drive 62 percent Demand: Cars24 Report

India's Used Car Market Shifts Gears as Tier-2 Cities Drive 62 percent Demand: Cars24 Report

CREDAI-MCHI Felicitates Mumbai Mayor Smt. Ritu Tawde and Advocate General Dr. Milind Sathe; Reaffirms Commitment to Mumbai's Growth

CREDAI-MCHI Felicitates Mumbai Mayor Smt. Ritu Tawde and Advocate General Dr. Milind Sathe; Reaffirms Commitment to Mumbai's Growth

Hardeep Singh Puri rubbishes rumours of lockdown in India amid West Asia conflict; calls it "irresponsible and harmful"

Hardeep Singh Puri rubbishes rumours of lockdown in India amid West Asia conflict; calls it "irresponsible and harmful"

To keep fuel prices stable, govt cuts petrol, diesel excise duty; ATF tax revised

To keep fuel prices stable, govt cuts petrol, diesel excise duty; ATF tax revised

Hormuz disruption risks ripple across global agri markets, says Goldman Sachs

Hormuz disruption risks ripple across global agri markets, says Goldman Sachs

ASML seeks partnerships with Indian firms, team to visit Semiconductor units across the country: Ashwini Vaishnaw

ASML, a Dutch semiconductor equipment leader, is exploring collaborations with Indian firms as part of India's semiconductor strategy. The initiative highlights India's aim to expand its semiconductor capabilities and reduce chip import dependency.

ASML seeks partnerships with Indian firms, team to visit Semiconductor units across the country: Ashwini Vaishnaw

New Delhi [India], March 27 (ANI): Union Minister Ashwini Vaishnaw on Thursday announced that ASML (Advanced Semiconductor Materials Lithography) is seeking partnerships with Indian companies, and its team is prepared to visit various semiconductor units and firms across the country.
"ASML is actively looking for partnering with Indian companies. Their team will be visiting various semiconductor units and companies across India," Vaishnaw said on X.
The Union Minister highlighted that the Dutch company, which has expertise in highly specialized equipment, looked for ways to support the national chip strategy.
"ASML makes most advanced lithography machines. These machines are critical for transforming silicon wafers into semiconductor chips. Had detailed discussions on how ASML can support India semiconductor mission. Briefed them on India's semiconductor journey so far and future plans," he said on X.
The Minister also outlined the shift in the government's strategy for the next phase of the mission. He explained that the upcoming version of the program is intended to cover a broader range of the supply chain beyond basic manufacturing.
"In the next version of India Semiconductor Mission, we will be focusing on design ecosystem, materials, equipment, chemicals and gases required for the semiconductor industry," Vaishnaw said.
ASML is a Dutch company and the world's sole supplier of extreme ultraviolet (EUV) lithography machines, essential for manufacturing the most advanced microchips.
Speaking on India's Semiconductor Mission (ISM) and the next phase of the country's self-reliance journey, earlier on Monday, Sushil Pal, MeitY Joint Secretary, confirmed that the preparatory phase of ISM 2.0 is active but noted that financial specifics are still under wraps.
Speaking to ANI on the sidelines of the Altos AI server launch program in Delhi, Pal stated, "Honourable FM has already announced the launch of the India Semiconductor Mission 2.0 in this budget. The process for preparation of the scheme is already on. It would be premature for me to say anything on the budget and the timeline at the moment."
While Pal declined to provide a specific timeline or percentage for reducing imports, he asserted that the mission will provide necessary traction. "With the government's sustained support to semiconductor manufacturing, the country will definitely become more resilient and more self-dependent when it comes to acquiring the silicon capability or chips capability," he said.
While the mission marks a significant escalation in India's chip-making ambitions, the government remains focused on establishing a domestic manufacturing base for AI servers to bolster the nation's digital economy.
The Joint Secretary emphasized that the push for localized hardware is a pillar of the broader national strategy. He noted that domestic AI server manufacturing is "very essential and is at the very core of the AI manufacturing strategy." (ANI)

(This article was generated from news agency ANI without modifications to the text.)

ADVERTISEMENT

Up Next

ASML seeks partnerships with Indian firms, team to visit Semiconductor units across the country: Ashwini Vaishnaw

ASML seeks partnerships with Indian firms, team to visit Semiconductor units across the country: Ashwini Vaishnaw

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

India's GDP expected to register over 8 pc growth in Sep-Dec: Report

Govt announces seven measures to help boost exports

Govt announces seven measures to help boost exports

RBI keeps interest rates on hold after US trade deal boosts outlook

RBI keeps interest rates on hold after US trade deal boosts outlook

RBI proposes to compensate customers up to Rs 25,000 loss due to fraud

RBI proposes to compensate customers up to Rs 25,000 loss due to fraud

ADVERTISEMENT

editorji-whatsApp

More videos

RBI raises GDP growth projection of Q1, Q2 of FY27

RBI raises GDP growth projection of Q1, Q2 of FY27

RBI pauses rate cuts, retains interest rate at 5.25 pc

RBI pauses rate cuts, retains interest rate at 5.25 pc

Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Rupee jumps 122 paise to close at 90.27 against US dollar on India-US trade deal

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

Stock markets cheer India-US trade deal: Sensex, Nifty surge 2.5 pc

UPI transactions hit record high of Rs 230 lakh crore in 2025-26 till Dec: Govt

UPI transactions hit record high of Rs 230 lakh crore in 2025-26 till Dec: Govt

Explained: India-US trade deal, tariffs and trade benefits

Explained: India-US trade deal, tariffs and trade benefits

Trade deal with US adds momentum to India's growth ambition: Industry leaders

Trade deal with US adds momentum to India's growth ambition: Industry leaders

Rupee jumps 119 paise to 90.30 against the US dollar on India-US trade deal

Rupee jumps 119 paise to 90.30 against the US dollar on India-US trade deal

President Trump announces US-India trade deal, lowers tariffs from 25 pc to 18 pc

President Trump announces US-India trade deal, lowers tariffs from 25 pc to 18 pc

Stock markets cheer India-US trade deal: Sensex jumps over 5 pc; Nifty nears all-time high

Stock markets cheer India-US trade deal: Sensex jumps over 5 pc; Nifty nears all-time high

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.