Micron Technology, a leading American producer of computer memory and data storage devices, has announced plans to establish a $2.75 billion semiconductor assembly and test facility in Gujarat, India. The project, spanning two phases, will attract an investment of $825 million from Micron, while the government will provide fiscal support for half of the project’s total cost. The facility will create up to 5,000 new Micron jobs and 15,000 community jobs. The new facility will assemble and test microchips for DRAM and NAND products, serving both local and international markets. Construction is expected to begin in 2023, with the first stage coming online in late 2024 while the second phase is expected to start in the latter half of the decade. Micron President and CEO, Sanjay Mehrotra, thanked India’s government for their cooperation in enabling the establishment of the new facility. The investment is considered a building block in India’s growing semiconductor ecosystem.
Micron Plans to Build $2.75 Billion Semiconductor Assembly and Testing Facility in India
Date:
Updated: [falahcoin_post_modified_date]
More like thisRelated
Revolutionary Small Business Exchange Network Connects Sellers and Buyers
Revolutionary SBEN connects small business sellers and buyers, transforming the way businesses are bought and sold in the U.S.
District 1 Commissioner Race Results Delayed by Recounts & Ballot Reviews, US
District 1 Commissioner Race in Orange County faces delays with recounts and ballot reviews. Find out who will come out on top in this close election.
Fed Minutes Hint at Potential Rate Cut in September amid Economic Uncertainty, US
Federal Reserve minutes suggest potential rate cut in September amid economic uncertainty. Find out more about the upcoming policy decisions.
Baltimore Orioles Host First-Ever ‘Faith Night’ with Players Sharing Testimonies, US
Experience the powerful testimonies of Baltimore Orioles players on their first-ever 'Faith Night.' Hear how their faith impacts their lives on and off the field.
