Micron to invest $800 million plus for chip facility in India
ECONOMY & POLICY

Micron to invest $800 million plus for chip facility in India

Following the recent approval of Micron's plan for a new semiconductor unit in India, the US chipmaker has officially announced its investment of up to $825 million to establish a chip testing and packaging facility in the country. This facility, located in Gujarat, will be Micron's first in In...

Following the recent approval of Micron's plan for a new semiconductor unit in India, the US chipmaker has officially announced its investment of up to $825 million to establish a chip testing and packaging facility in the country. This facility, located in Gujarat, will be Micron's first in India. The total investment for the facility is estimated to be $2.75 billion. The funding for this project will be divided, with 50 per cent coming from the central government and 20 per cent from the Gujarat state government. Construction of the facility is anticipated to commence in 2023. The first phase of the project is expected to be operational by late 2024, while the second phase is scheduled to begin in the latter half of the decade. These two phases combined are projected to generate approximately 5,000 direct job opportunities at Micron.Contact: MicronWebsite: www.micron.com

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