US Stock Market Move | ASML Holding NV ADR (ASML.US) rises over 2% as company actively expands its business in India.

On Thursday, ASML Holding NV ADR (ASML.US) rose more than 2% to $755.10. On the news front, ASML Holding NV ADR CEO Christophe Fouquet said at an India semiconductor summit in New Delhi on Tuesday that the company hopes to deepen cooperation with Indian companies in the coming year. Indian Prime Minister Modi aims to build a reliable domestic chip industry and expects the first batch of Indian-made chips to be launched by the end of the year, which may open up a new market for ASML Holding NV ADR's equipment. This South Asian country, along with the United States, Japan, and China, is building its semiconductor manufacturing capabilities, in part to reduce reliance on other regions.