ASML Holding(US:ASML) Guan Cha Zhe Wang·2025-09-03 05:23Core Viewpoint - India is reviving its semiconductor strategy, aiming for local chip manufacturing, with the first "Made in India" chip expected by the end of 2025, supported by ASML's collaboration [1][6]. Group 1: ASML's Involvement - ASML's CEO, Christoph Fuque, expressed optimism about collaborating with Indian chip manufacturers and emphasized India's potential as a partner in the semiconductor industry [1][3]. - ASML plans to establish partnerships and knowledge exchange with Indian firms, aiming to enhance the performance of local wafer fabs through advanced lithography solutions [1][3]. - Currently, ASML's operations in India are limited, but the company is optimistic about future opportunities as India's semiconductor industry develops [3][4]. Group 2: Market Potential and Growth - The Indian semiconductor market is projected to exceed $55 billion by 2026 and reach $100 billion by 2030, driven by demand in smartphones, automotive, and 5G IoT sectors, along with government support [4][6]. - Initial focus in India may be on low-end chip manufacturing rather than advanced chips for AI technology [4][6]. Group 3: Government Initiatives and Challenges - The Indian government initiated the "Semicon India" program in 2021 with a budget of approximately $8.7 billion, aiming to support up to 50% of project costs across the semiconductor supply chain [6][7]. - Despite government efforts, there have been challenges in attracting foreign investment and technology transfer, with concerns about the effectiveness of subsidies and the need for a local market [7][8]. - Analysts highlight that India's semiconductor industry is still small and faces significant competition from China and the US, indicating a need for further development and market segmentation [7][8].