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Golden Ten Data, May 17 — According to New Delhi Television, an Indian-American citizen arriving from the United States was arrested at Indira Gandhi International Airport (IGI) in Delhi for concealing 115 gold bars, with a total value of up to 55 million rupees (573,000 US dollars) and a total weight exceeding 3.5 kilograms, inside his trousers. The man arrived in Delhi from San Francisco on Friday. Previously, Indian customs officials received intelligence indicating that an international smuggling syndicate had recently been attempting to smuggle large quantities of gold into India. Based on this specific intelligence, customs authorities carried out special surveillance measures at the international arrivals hall of IGI Airport. Indian customs officials stated that since India raised its gold import tariffs, the number of gold smuggling cases has recently shown a sharp upward trend.

Golden Ten Data, May 17 – ASML has reached a cooperation agreement with Tata Electronics aimed at accelerating India’s goal of developing domestic chip manufacturing capabilities. According to a joint statement released by ASML and Tata Electronics on Saturday, the Dutch company’s technology will support Tata Electronics in building a 300mm (12-inch) semiconductor foundry in Gujarat. The signing of the memorandum of understanding coincides with Indian Prime Minister Modi’s visit to the Netherlands, which seeks to deepen bilateral relations.

```htmlGolden Ten Data reported on May 17 that Estonian Defense Minister Hanno Pevkur stated that as NATO allies have significantly increased military spending, European countries are facing rising prices for defense supplies. Over the past two years, prices for some materials have even increased by more than 50%. "Prices are rising," Pevkur said. "I have been holding frequent discussions with my country's armaments chief." The minister pointed out: "What we have observed is that we purchased certain goods two years ago, and now, when we want to increase the procurement of similar goods, their prices have soared by 50% or even 60%." Pevkur described a typical "chicken or egg" dilemma: governments across Europe are confronted with shortages in the market, while the European defense industry, lacking formally signed government procurement contracts, is reluctant to invest and expand production capacity.```