US-headquartered Micron Technology will set up its semiconductor facility in Gujarat, Electronics, IT and Telecom Minister Ashwini Vaishnav said on Monday. in India chip) will be produced in 18 months i.e. in December 2024. Vaishnav said that the upcoming Micron plant in Gujarat will be a state-of-the-art plant and will contribute to the expansion of the semiconductor ecosystem in India.
Micron is the fifth largest company in its segment
According to the news of Business Today, the Union Minister said that Micron is manufacturing semiconductors (micron technology chip plant in India) used in mobiles, laptops, servers, defense equipment, cameras, electric vehicles, trains, cars and telecommunication equipment worldwide. It is the fifth largest company in the field of construction. Vaishnav further said that the country has made efforts to develop semiconductor technology in the last four decades.
there will be plenty of jobs
The development comes almost two days after Minister of State for IT Rajeev Chandrasekhar said that Micron’s latest investment proposal to set up a plant in India would give a boost to the semiconductor ecosystem in India. Chandrasekhar said that this would create 5,000 direct jobs and 500 new high-end engineering jobs. In the last 18 months, India has made a lot of progress in the semiconductor industry. Announcements by American companies will also help in promoting startups in India.
Micron will invest $ 825 million
Prime Minister Narendra Modi Micron to set up a new assembly line in Gujarat with an investment of $825 million, hours after Micron Technology CEO Sanjay Mehrotra was invited in the US to promote semiconductor manufacturing (First Made in India chip) in India. and announced its plans to build a testing facility. The facility is aimed at serving both the domestic and international markets. Micron said construction of the new assembly and test facility is expected to begin in phases in 2023. The first phase of the project with 5,00,000 sq ft of space will be commissioned by the end of 2024, while the second phase of the project is likely to start soon.
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