US firm Micron – Union Minister Rajeev Chandrasekhar said on Friday that Micron Technology’s upcoming $2.75 billion facility in India, which will be inaugurated on Saturday in Sanand, Gujarat, signifies tremendous progress in the country’s semiconductor industry.
With the support of the Indian government, this project positions India to become a top-tier participant in sophisticated semiconductor manufacturing.
Micron’s $825 million investment, together with government assistance, is expected to generate 5,000 direct jobs and 15,000 community possibilities over the next five years.
US firm Micron
“We’ve been receiving a lot of applications for chip manufacturing, and it’s been difficult to share data,” he explained.
Gujarat’s Dholera has been named as India’s potential “semiconductor city.” Prime Minister Narendra Modi has committed 50% financial assistance for semiconductor manufacturing facilities in India, with regulatory reforms and initiatives such as the National Quantum Mission and college-level semiconductor courses supporting sector growth.
Micron’s Assembly, Test, Marking, and Packaging (ATMP) plant in Sanand, which is scheduled to open in December 2024, will focus on AI-optimized chips for practical applications such as health and education. Other US-based companies, such as Applied Materials and Lam Research, are also expected to invest in India’s semiconductor industry.