New Delhi: Micron’s investment in India marks a major milestone in the country’s journey as a semiconductor nation, Minister of State for Electronics and Information Technology Rajeev Chandrashekhar told Mint after the US-based tech maker unveiled an $825 investment in India on Thursday India had announced to conduct an assembly testing facility.
New Delhi: Micron’s investment in India marks a major milestone in the country’s journey as a semiconductor nation, Minister of State for Electronics and Information Technology Rajeev Chandrashekhar told Mint after the US-based tech maker unveiled an $825 investment in India on Thursday India had announced to conduct an assembly testing facility.
“This is a major milestone in India’s roadmap and growth as a semiconductor nation. In the last 18 months, following Prime Minister Narendra Modi’s announcement of the semiconductor vision and the planned investment of ₹“Great progress has been made in investing Cr76,000 in catalysis and building India’s semiconductor ecosystem,” he said, noting that the progress has been made in a short period of time.
“This is a major milestone in India’s roadmap and growth as a semiconductor nation. In the last 18 months, following Prime Minister Narendra Modi’s announcement of the semiconductor vision and the planned investment of ₹“Great progress has been made in investing Cr76,000 in catalysis and building India’s semiconductor ecosystem,” he said, noting that the progress has been made in a short period of time.
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He added that more announcements are expected in the future as India emerges as a key partner in the global electronics and semiconductor value chains.
“This is just the beginning as there is more to come as India rapidly grows into a significant and trusted partner in the global electronics and semiconductor value and supply chains,” he added.
Idaho-based Micron on Thursday confirmed the semiconductor assembly and test facility in Sanand, Gujarat, where it will invest $825 million over two phases of the project for a total investment of $2.75 billion, including government incentives in the framework of the PLI program.
In the first phase, the 500,000-square-foot facility will begin production later this year, and the second phase will begin in the second half of this decade.
The facility will be used for the assembly and testing of DRAM and NAND flash modules and the project will create 5,000 direct and 15,000 indirect jobs in the community.
“Micron’s new facility will enable the assembly and test manufacture of DRAM and NAND products and will meet the demand in domestic and international markets.”
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