Micron to Build State-of-the-Art Semiconductor Facility in Gujarat
Ashwini Vaishnaw, Minister for Railways, Communications, and Electronics & Information Technology, announced that Micron Technology, the fifth-largest semiconductor manufacturer in the world, will build a state-of-the-art facility in Gujarat. At a press conference, the Minister revealed that the factory will create its first Indian-made semiconductor chip in 18 months, by December 2024.
Vaishnaw stressed Micron’s contribution to India’s semiconductor ecosystem. After meeting with Sanjay Mehrotra, CEO, Micron Technology in the US, Narendra Modi, Prime Minister of India, invited the company to boost chip manufacturing in India. Micron’s US$ 825 million Gujarat assembly and test facility will serve domestic and international markets.
In 2023, development will commence in phases, with the first phase opening in late 2024. India and Gujarat will contribute US$ 2.75 billion to the project. This plan will produce 5,000 direct jobs and 500 high-end engineering roles for India’s semiconductor industry.