ASML Holding N.V. (NASDAQ:ASML) is one of the best 52-week high stocks to invest in, according to short sellers. On May 16, ASML Holding N.V. (NASDAQ:ASML) entered into a strategic partnership with Tata Electronics.

The two are joining forces to build India’s first front-end semiconductor fabrication plant as the country accelerates efforts to develop a domestic chip industry. It marks a significant step in growing technology cooperation between the two companies.

ASML Holding NV technology will be used to support Tata Electronics’ planned 300-millimeter semiconductor fabrication plant in Gujarat. Under the agreement, the Dutch company will provide its advanced lithography equipment and solutions to facilitate the operationalization and scaling of the facility.

The strategic partnership will also prioritize the deployment of ASML’s lithography tools at the Dholera site, which is currently under construction. The facility is poised to become India’s first commercial 300mm semiconductor manufacturing plant. ASML and Tata Electronics will also partner on workforce development, supply chain expansion, and research activities.

ASML Holding N.V. (NASDAQ:ASML) is a Dutch multinational that builds the complex photolithography machines used by the world’s top chipmakers to mass-produce microchips. As the sole global manufacturer of Extreme Ultraviolet (EUV) lithography systems, it holds a near-monopoly on the equipment required to create the most advanced and powerful semiconductors.