One of the frontline US-memory chip manufacturing companies Micron Technology is on track to set up its facility in Gujarat. President and CEO of Micron Technology Sanjay Mehrotra said this at Semicon India 2023 in Gandhinagar on Friday.
It must be recalled that Prime Minister Narendra Modi had met Mehrotra during his recent US visit and the plan for the state-of-the art factory in Gujarat was envisaged.
Speaking at the event, Mehrotra praised PM Modi for his vision and support via initiatives like Digital India and Make in India. The Gujarat plant will not only create nearly 5,000 direct jobs but also generate an additional 15,000 jobs in the community.
The proposed $2.75-billion assembly and testing plant was discussed during a meeting with Minister of Commerce and Industry, Piyush Goyal, ahead of Semicon India 2023. Mehrotra explained the company’s investment plans in India and how the country’s semiconductor industry was positioning itself as a global leader in the sector.
The construction of Micron’s new assembly and test facility is expected to commence in 2023 itself, with Phase 1 scheduled to become operational in late 2024. This initial phase will encompass 500,000 square feet of planned cleanroom space, and Micron plans to gradually ramp up capacity in line with global demand trends. Phase 2 of the project, envisioned to be of a similar scale to Phase 1, is anticipated to begin towards the second half of the decade.
By establishing a manufacturing unit for both DRAM and NAND products in Gujarat, Micron aims to cater to the growing demand from domestic and international markets. Furthermore, the company’s investment in the region is expected to act as a catalyst for further advancements in the semiconductor sector, fostering an environment of innovation and business growth.
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