Micron confirms more than US$ 800 million investment in chip facility in India

The combined investment by Micron and the two government entities over the course of both phases will be up to US$ 2.75 billion.

Autocar Pro News Desk By Autocar Pro News Desk calendar 23 Jun 2023 Views icon1829 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Micron confirms more than US$ 800 million investment in chip facility in India

Micron Technology has announced plans to build a new assembly and test facility in Gujarat, India. Micron’s new facility will enable assembly and test manufacturing for both DRAM and NAND products and address demand from domestic and international markets.

The combined investment by Micron and the two government entities over the course of both phases will be up to US$ 2.75 billion.

Micron’s investment will be up to US$ 825 million over the two phases of the project and will create up to 5,000 new direct Micron jobs and 15,000 community jobs over the next several years. Under the government's “Modified Assembly, Testing, Marking and Packaging (ATMP) Scheme. Micron will receive 50% fiscal support for the total project cost from the Indian central government and incentives representing 20% of the total project cost from the state of Gujarat. Phased construction of the new assembly and test facility in Gujarat is expected to begin in 2023.

“We are excited about the steps India is taking to develop the local semiconductor ecosystem,” said Micron President and CEO Sanjay Mehrotra. “I am grateful to the Indian government and all of the officials involved that made this investment possible. Our new assembly and test location in India will enable Micron to expand our global manufacturing base and better serve our customers in India and around the world.”

Micron’s plans are part of the company’s strategy to meet expected long-term demand for memory and storage across markets and complement the company’s global assembly and test network.

“Micron’s investment to set up assembly and test manufacturing in India will fundamentally transform India’s semiconductor landscape and generate tens of thousands of high-tech and construction jobs,” said Union Cabinet Minister for Railways, Communications, Electronics and IT Shri Ashwini Vaishnaw. “This investment will be a crucial building block in the country’s blossoming semiconductor ecosystem.”

Micron selected the state of Gujarat due to its manufacturing infrastructure, conducive business environment and a well-established talent pipeline in the SANAND Industrial Park (Gujarat Industrial Development Corporation – GIDC).

 

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