US firm Micron to have ground-breaking ceremony for chip unit in Gujarat tomorrow

Micron ‘s investment of up to $825 million, coupled with government support, is projected to create 5,000 direct jobs and 15,000 community opportunities over five years

Union Minister Rajeev Chandrasekhar on Friday said that Micron Technology’s forthcoming $2.75-billion facility in India, which will conduct a ground-breaking ceremony on Saturday in Sanand, Gujarat signals significant growth in the country’s semiconductor industry.

This initiative, supported by the Indian government, positions India to become a top-tier player in advanced semiconductor manufacturing.

Micron’s investment of up to $825 million, coupled with government support, is projected to create 5,000 direct jobs and 15,000 community opportunities over five years.

“We have been receiving numerous applications for chip manufacturing, difficult to share data,” he said.

Dholera in Gujarat is designated as India’s future “semiconductor city”. Prime Minister Narendra Modi has pledged 50 per cent financial aid for semiconductor manufacturing facilities in India, with policy reforms and initiatives like the National Quantum Mission and semiconductor courses in colleges driving sector growth.

Micron’s Assembly, Test, Marking, and Packaging (ATMP) facility, set to operate by December 2024 in Sanand, will focus on AI-optimised chips for practical applications like health and education. Other US-based firms, including Applied Materials and Lam Research, are also likely to invest in India’s semiconductor sector.

“The whole world is watching our semiconductor programme,” Union Minister Ashwini Vaishnaw was quoted as saying. This is the first proposal approved by the government under the ISM. The deal was signed during Prime Minister Narendra Modi’s visit to the United States in July.

Vaishnaw lauded the project’s rapid pace, anticipating that it would transform perceptions of India on the global stage. “It’s a very significant proposal, and within a very short time frame of just a few months — land allocation, all the project agreements were signed and now the actual construction work will begin,” he said.

With Thanks Reference to: https://www.businesstoday.in/technology/news/story/us-firm-micron-to-have-ground-breaking-ceremony-for-chip-unit-in-gujarat-tomorrow-399395-2023-09-22 and https://timesofindia.indiatimes.com/business/india-business/us-firm-micron-set-to-break-ground-for-semiconductor-unit-in-gujarat-project-okayed-at-record-speed/articleshow/103810424.cms?from=mdr