RNS: US chip giant Micron has announced its plans to establish a Chip Assembly and Testing Facility in Gujarat, with an investment of $825 million. This initiative is part of a combined investment totalling $2.75 billion, contributed by Micron, the central government, and the Gujarat government.
Micron stated that the assembly and test facility construction would commence this year in a phased manner. The first phase will encompass around 500,000 square feet of clean room space and is expected to become operational by late 2024. Micron will gradually scale up its capacity in accordance with global demand trends.
The establishment of this facility is anticipated to generate approximately 5,000 direct job opportunities within Micron and an additional 15,000 jobs within the community over the coming years. The Indian government will provide financial support, covering 50% of the total project cost, while the Gujarat government will offer incentives equivalent to 20% of the total project cost.
Ashwini Vaishnaw, the Minister of Electronics and IT, expressed that Micron’s investment in assembly and test manufacturing in India will have a transformative impact on the country’s semiconductor landscape. Moreover, it will contribute to the creation of tens of thousands of high-tech and construction jobs, paving the way for significant advancements in the industry.