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Benzinga
Benzinga
Business
Anusuya Lahiri

ASML Explores India As Geopolitical Risks Threaten China Business

Veldhoven,,Netherlands,,July,20,,2023:,Asml,Holding,Corporation,Headquarters,Glass

ASML Holding NV (NASDAQ:ASML), the world’s leading supplier of advanced chipmaking equipment, is seeking a foothold in India as Prime Minister Narendra Modi pushes to establish a domestic semiconductor industry.

The Dutch company manufactures extreme ultraviolet (EUV) lithography machines, essential for producing the most advanced semiconductors, including Nvidia’s (NASDAQ:NVDA) high-performance AI chips.

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