ASML Holding NV Gains Over 2% as Company Expands India Operations
Stock News
Sep 04
On Thursday, ASML Holding NV rose over 2% to $755.10. On the news front, ASML CEO Christophe Fouquet stated at the India Semiconductor Summit held in New Delhi on Tuesday that the company aims to deepen cooperation with Indian companies over the next year. Indian Prime Minister Modi seeks to establish a reliable domestic chip industry, with expectations that the first India-manufactured chips will hit the market before year-end, potentially opening a new market for ASML's equipment. This South Asian nation is building its semiconductor manufacturing capabilities alongside countries like the United States, Japan, and China, partly to reduce dependence on other regions.
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