Micron is discussing its Investment plan in India ahead of Semicon India 2023

Sanjay Mehrotra, President and CEO of Micron Technologies, met with Minister of Commerce and Industry Piyush Goyal ahead of Semicon India 2023. The two talked about Micron’s $2.75 billion assembly and testing facilities that would be built here. The two also talked about India’s expanding semiconductor ecosystem and the prospects it will provide.

In a significant boost to Prime Minister Narendra Modi’s aim of making India a semiconductor powerhouse, US-memory chip maker Micron has chosen to establish a new semiconductor assembly and testing plant in India. The announcement came during Prime Minister Modi’s state visit to the United States, where he met with key players in the semiconductor industry, including Mehrotra. He invited the latter to help India develop its chip production. Micron will establish a new production site in Gujarat to meet domestic and international demand for DRAM and NAND products.

Micron expects phased building of the new assembly and testing facility in Gujarat to begin in 2023.

Phase 1 will begin operations in late 2024, with 500,000 square feet of planned cleanroom space, and Micron will steadily increase capacity over time in line with global demand trends. Micron anticipates that Phase 2 of the project, which would include the construction of a facility on a similar scale to Phase 1, will begin in the second part of the decade.

Micron
credit: businesstoday

Over the next several years, the business will invest up to $825 million in the project’s two phases, creating up to 5,000 new direct Micron employees and 15,000 community jobs. The semiconductor company will receive 50% fiscal support for the whole project cost from the central government as part of the government’s “Modified Assembly, Testing, Marking, and Packaging (ATMP) Scheme,” as well as incentives totaling 20% of the total project cost from Gujarat. Micron and the two government bodies will contribute up to $2.75 billion over the length of both stages.

According to the corporation, government backing would help fund the project and provide access to critical semiconductor infrastructure and resources to foster innovation and enhance local talent development. The new Micron plant will specialise in converting wafers into ball grid array (BGA) integrated circuit packages, memory modules, and solid-state drives.

It will construct and run the assembly and testing plant in compliance with the company’s sustainability goals and environmental commitments on a local and global scale. Furthermore, the facility will employ innovative water-saving technology to achieve Zero Liquid Discharge. Mehrotra is in India to speak at the second Semicon India, which will be held in Gandhinagar from July 28 to 30, 2023. Prime Minister Narendra Modi is expected to kick off the event.

Also Reads:

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

Top 10 Most Popular International Cricket Teams on Social Media

Top Popular International Cricket Teams on Social Media 2025

Top Popular International Cricket Teams on Social Media: The cricket-playing nations across the world have die-hard fans...
India’s Bold Vision: 5,000 Unicorns in the Future – Piyush Goyal

India’s Bold Vision: 5,000 Unicorns in the Future –...

India has emerged as a global powerhouse for startups, with a thriving ecosystem that fosters innovation, entrepreneurship,...
ICC ODI World Cup: Top 5 Highest Score in World Cup history - all the details you need to know about!

ICC ODI World Cup: Top 5 Highest Score in...

The ICC Men's Cricket World Cup has been a stage for cricketing excellence ever since it...
Brazil Legends Edge India All-Stars 2-1 in a Night of Football Nostalgia

Brazil Legends Edge India All-Stars 2-1 in a Night...

Football fans in Chennai were treated to an electrifying evening as the Brazil Legends secured a narrow...

LATEST: How to avail Nvidia GeForce Now in India...

Many of us don't have high-end gaming computers but want to play some graphic-intensive games. Nvidia launched...

LATEST NEWS

Did You Know: 1M Ghibli Images = Water for 2,000 People?

In recent years, the world has witnessed a fascinating convergence of technology and art, with AI-generated images capturing the imagination of creators and audiences...

Eid 2025 Party Playlist: Top Bollywood Songs to Make Your Celebration Unforgettable

Eid 2025 Party Playlist: Eid, the festival of joy, togetherness, and delicious food, is finally here! While families gather for grand feasts and sweet...

Top 13 Turkish Actresses: Beauty, Talent, and Fame Unveiled

Top 13 Turkish Actresses List! Hey there, entertainment enthusiasts! Ready to dive into the dazzling world of Turkish cinema and television? Buckle up, because we’re...

Pakistani ‘Elon Musk Khan’ Doppelganger Goes Viral, Internet Can’t Stop Laughing

Imagine casually scrolling through your social media feed and coming across a video that makes you do a double take—because, for a moment, you...

Featured