June 24, 2023
2 mins read

Chip giant Micron sets eyes on India

Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, said that this is a big milestone in India’s roadmap and growth as a ‘Semiconductor Nation’…reports Asian Lite News

Micron Technology on Thursday announced to set up a new $2.75 billion semiconductor assembly and test facility in Gujarat, a day after Prime Minister Narendra Modi met Sanjay Mehrotra, the Indian-American President and CEO of Micron, in Washington DC during his state visit to the US.

Micron’s investment will be up to $825 million over the two phases of the project and will create up to 5,000 new direct Micron jobs and 15,000 community jobs over the next several years.

Under the government’s ‘Modified Assembly, Testing, Marking and Packaging (ATMP) Scheme,’ Micron will receive 50 per cent fiscal support for the total project cost from the Centre and incentives representing 20 per cent of the total project cost from Gujarat.

The combined investment over the course of two phases will be up to $2.75 billion.

Micron’s new facility will enable assembly and test manufacturing for both DRAM and NAND products and address demand from domestic and international markets, the company said in a statement.

The Prime Minister had invited Micron Technology to boost semiconductor manufacturing in India and noted that the country can provide competitive advantages in various parts of the semiconductor supply chain.

“We are excited about the steps India is taking to develop the local semiconductor ecosystem,” said Mehrotra.

“I am grateful to the Indian government and all of the officials involved that made this investment possible. Our new assembly and test location in India will enable Micron to expand our global manufacturing base and better serve our customers in India and around the world,” he added.

The phased construction of the new assembly and test facility in Gujarat is expected to begin in 2023.

Phase 1, which will include 500,000 square feet of planned cleanroom space, will start to become operational in late 2024, and Micron will ramp capacity gradually over time in line with global demand trends.

Micron expects Phase 2 of the project, which would include construction of a facility similar in scale to Phase 1, to start towards the second half of the decade.

“Micron’s investment to set up assembly and test manufacturing in India will fundamentally transform India’s semiconductor landscape and generate tens of thousands of high-tech and construction jobs,” said IT and Railways Minister Ashwini Vaishnaw.

“This investment will be a crucial building block in the country’s blossoming semiconductor ecosystem,” the minister added.

Union Minister of State for Electronics and IT, Rajeev Chandrasekhar, said that this is a big milestone in India’s roadmap and growth as a ‘Semiconductor Nation’.

“In the last 18 months, after the announcement of Semiconductor vision by PM Modi and the planned investment of Rs 76,000 crore to catalyse and build India’s Semicon Ecosystem, much progress has been made,” he said in a statement.

“This is just a beginning as there is more to come as India rapidly grows as a significant and trusted partner to global electronics and semiconductor value and supply chain,” Chandrasekhar added.

ALSO READ: Microsoft to build quantum supercomputers

Previous Story

Rolls-Royce’s scholarship programme for women students

Next Story

Wagner Chief to leave Russia under deal brokered by Lukashenko

Latest from Business

PM Modi: India poised to lead next tech wave

PM Modi underscored that the country is poised to lead the next wave of digital transformation in 5G…reports Asian Lite News Prime Minister Narendra Modi on Wednesday hailed India’s progress in expanding

India Hits 100GW Solar

The expansion is not only in scale but also in quality, with significant capacity dedicated to high-efficiency modules. Many manufacturers have adopted vertically integrated operations, enhancing quality, reducing costs, and improving resilience

Jewellery Exports Shine Bright

The GJEPC noted that product diversification has played a major role in sustaining momentum. Lightweight and contemporary designs are gaining traction among younger global consumers, helping Indian jewellers appeal to a wider

China Curbs Hit India’s Electronics Boom

The ICEA noted this results in delays, inefficiencies, and higher costs — alternatives from Japan or Korea cost up to four times more than Chinese machinery. India’s transformation into a global electronics
Go toTop

Don't Miss

Micron to set up $2.75 bn semiconductor facility in India

Micron’s new facility will enable assembly and test manufacturing for

Micron CEO praises India’s semiconductor power

Mehrotra emphasised the importance of semiconductors in daily life, noting