Micron Technology Plans Expansion in India with Semiconductor Units
Written by Sanjay Kumar
News Highlights
- Micron Expands in India: Micron Technology plans to expand in India with semiconductor assembly and packaging units, reinforcing its commitment to the Indian market.
- Government Support: The Indian government is providing significant financial assistance of $1.95 billion to Micron for this project, aiming to attract more semiconductor investments.
- Operational by 2024: Construction starts this year, with the first phase expected to be operational by late 2024, aligning with India’s goal of producing its first chip by December 2024.
Micron Technology
Semiconductor manufacturing company
- CEO: Sanjay Mehrotra (8 May 2017–)
- Headquarters: Boise, Idaho, United States
- Revenue: 3,076 crores USD (2022)
- Subsidiaries: Micron Semiconductor India Private Limited, MORE
- Founders: Ward Parkinson, Doug Pitman, Joe Parkinson, Dennis Wilson
- CFO: Mark Murphy
- CIO: Anand Bahl
Micron Technology Inc. is planning to expand its presence in India with the establishment of semiconductor assembly and packaging units in addition to its proposed fabrication unit, according to Rajeev Chandrasekhar, the minister of state for electronics and information technology. This move reflects Micron’s long-term commitment to India as both a market and manufacturing destination for semiconductors.
The minister highlighted that Micron’s initial investment in India encouraged other companies to consider the country for their semiconductor assembly and manufacturing plans. The government is keen on ensuring the success of Micron’s first plant and views it as a catalyst for future investments.
Sanjay Mehrotra, Micron’s CEO, previously mentioned the company’s plans for expansion in the latter half of the decade. Micron has already announced an $800 million investment in a semiconductor assembly, testing, marking, and packaging (ATMP) unit in Gujarat’s Sanand, with plans for additional units after the first one becomes operational.
The minister emphasized that India is now engaging with various entities in the semiconductor market, with increased interest from companies previously hesitant to invest in the country. He cited examples of how semiconductor hubs typically grow, starting with one facility and expanding over time, as seen in Malaysia and Japan.
The government is providing financial assistance of about $1.95 billion to Micron, bringing the total investment in the project to $2.75 billion. Construction of the facility is set to commence this year, and the first phase is expected to be operational by late 2024. The government has publicly announced its goal of producing the first chip from India by December 2024. The second phase of expansion, slated for the latter half of the decade, is expected to create up to 5,000 new direct jobs at Micron, in addition to those generated by the first phase.
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