Bullish on India for its chip supply chain potential

While ASML had already set up an India entity a few years ago, this is the first time it is scaling up in the country

- Shouvik Das

Dutch company ASML, a niche manufacturer of the most advanced equipment critical to modern chipmaking, is looking to scale up its presence in India and wants its engineers to work with homegrown chipmakers for the firm to strengthen its presence in Asia's semiconductor supply chain.

"We're not investing in the hundreds of millions in India right now, but we're bullish on India because the country remains one of the world's most fast-developing economies," ASML chief executive officer Christophe Fouquet told Mint in an interview on the sidelines of Semicon India 2025 on Tuesday.

"As a result, while we had already set up an India entity before, we're now bringing more executives and see an opportunity now to have more engineers work closely with India's semiconductor companies in order to have a more robust presence in the Asia semiconductor supply chain," Fouquet added.