Micron Technology, a leading global provider of advanced semiconductor solutions, has announced its plans to invest up to $825 million in a new chip factory in Gujarat, India. This significant investment reaffirms Micron’s commitment to expanding its presence in India and capitalizing on the country’s growing demand for semiconductors.
The new facility will cater to both domestic and international markets by providing assembly and test manufacturing capabilities for both DRAM and NAND products, effectively meeting the rising demand in the industry.
The construction of the new assembly and test facility will take place in phases, with the commencement of phase one expected in 2023. The initial phase will involve the development of 500,000 square feet of cleanroom space, which is anticipated to be operational by late 2024. Micron plans to initiate phase two of the project, which will involve constructing a facility similar in size to phase one, in the latter half of the decade.
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. This investment will be a crucial building block in the country’s blossoming semiconductor ecosystem.
said Union Cabinet Minister for Railways, Communications, Electronics and IT Shri Ashwini Vaishnaw.
Sanjay Mehrotra, President, and CEO of Micron Technology, expressed enthusiasm about the investment, stating, “India is an important market for Micron, and we are excited about the opportunity to establish a new chip factory in Gujarat. This investment will enable us to enhance our ability to serve our customers’ growing demand and contribute to the development of India’s technology ecosystem.“
The new Micron chip factory in Gujarat is slated to begin operations in the coming years, subject to necessary approvals and permits. As the demand for semiconductors continues to rise, this investment paves the way for Micron to play a vital role in meeting India’s burgeoning technology requirements, while also capitalizing on the country’s potential as a strategic manufacturing hub.
With its substantial investment, Micron Technology reinforces its position as a leading player in the global semiconductor industry while demonstrating its confidence in India’s growth trajectory and its commitment to driving innovation and economic progress in the country.
