Micron Technology laid the foundation of a semiconductor plant in India within just three months of the meeting between Sanjay Mehrotra, the President and CEO of Micron Technology, and Prime Minister of India, Narendra Modi, in the US. Micron has committed $825 million to construct the semiconductor assembly and test facility in India.
The combined investment of $2.75 billion is forecasted to generate around 5,000 direct job opportunities and 15,000 community job opportunities in India over the next five years. Micron's Indian facility will be known as the Assembly, Test, Marking, and Packaging unit (AT. It will be located in an industrial park outside Sanand GIDC-II, spreading over 93 acres (over 376,000 sq.m).
Rajeev Chandrasekhar, Union Minister of State for Electronics and IT, said, “We have made tremendous strides in the last 9-10 years. It is certainly a very important milestone, and I have absolutely no doubt that Micron's state-of-the-art plant will be a beacon to all investors, other manufacturers, and participants in the global semiconductor ecosystem.“
