New Delhi: Computer storage chip maker Micron will set up its semiconductor assembly and test plant in Gujarat entailing a total investment of USD 2.75 billion (around Rs 22,540 crore), the company said on Thursday. The total cost of the plant comprises USD 825 million (around Rs 6,760 crore) from Micron and the rest from the government in two phases, according to a company statement.
“We are excited about the steps India is taking to develop the local semiconductor ecosystem,” Micron President and CEO Sanjay Mehrotra said.
He said Micron’s new assembly and test location in India will enable Micron to expand its global manufacturing base and better serve customers in India and around the world.
Under the scheme, Micron will receive 50 per cent fiscal support for the total project cost from the Indian central government and incentives representing 20 per cent of the total project cost from the state of Gujarat.
“Phased construction of the new assembly and test facility in Gujarat is expected to begin in 2023. Phase 1, which will include 500,000 square feet of planned cleanroom space, will start to become operational in late 2024,” Micron said in a statement.
Micron said that the plant will create up to 5,000 new direct jobs and 15,000 community jobs over the next several years..
“Micron’s new facility will enable assembly and test manufacturing for both DRAM and NAND products and address demand from domestic and international markets,” the statement said.
