India's semiconductor ecosystem offers scope for Micron to expand footprint in country, says Piyush Goyal: PTI

US-based semiconductor company Micron is setting up India's first chip facility in Gujarat, which will generate 5,000 direct and 15,000 indirect jobs in the coming years.

By Autocar Professional Bureau

16 Nov 2023

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India's semiconductor ecosystem offers scope for Micron to expand footprint in country, says Piyush Goyal: PTI

Commerce and Industry Minister Piyush Goyal met Micron Technology CEO and President Sanjay Mehrotra in the US and talked about business opportunities in the growing semiconductor sector in India, PTI reported.

The minister is in San Francisco for the Indo-Pacific Economic Framework (IPEF) meeting. US-based semiconductor company Micron is setting up India's first chip facility in Gujarat, which will generate 5,000 direct and 15,000 indirect jobs in the coming years.

In June, the government cleared Micron's project to set up a semiconductor test and packaging unit worth USD 2.7 billion in the country.

"Met Sanjay Mehrotra, CEO and President of MicronTech. Discussed how India's growing semiconductor ecosystem presents vast opportunities for the company to collaborate & expand its footprint in the country," Goyal said in a post on social networking platform Xon Thursday.

Goyal also participated in the Asia Pacific Economic Cooperation (APEC). APEC membership includes Australia; Canada; Chile; China; Indonesia; Japan; Korea; Malaysia; Mexico; New Zealand; Peru; Philippines; and Russia.