Micron on Thursday confirmed semiconductor assembly and testing facility would be built at Sanand in the Ahmedabad district as a result of the MoU.
On Wednesday, the Gujarat government will sign a Memorandum of
Understanding (MoU) with Micron Technology, a significant American
semiconductor chip manufacturer. Once established, the facility will serve
both domestic and foreign markets.
The State Chief Minister, Bhupendra Patel, will be present at the signing
event. A semiconductor assembly and testing facility would be built at
Sanand in the Ahmedabad district as a result of the MoU.
On June 22, Micron Technology revealed its intentions to build a
semiconductor assembly and testing facility in Gujarat. The anticipated
total investment for this project is USD 2.75 billion (about Rs 22,540
crore).
The signing of the Memorandum of Understanding on Semiconductor
Supply Chain and Innovation Partnership was recognised in a joint
statement by Prime Minister Narendra Modi and US President Joe Biden as
a crucial step in coordinating the semiconductor incentive programmes of
both nations.
This partnership is anticipated to increase business prospects, research
projects, talent development, and skill development.
As part of this partnership, Micron Technology, Inc. has agreed to provide
funding from the Indian government in the amount of up to $825 million to
develop a new semiconductor assembly and test facility in India. Over the
following five years, it is anticipated that the total $2.75 billion investment
will generate about 5,000 direct jobs and provide 15,000 community work
opportunities.
Other significant semiconductor industry initiatives were also noted in the
joint statement. In order to further India’s aims for semiconductor
education and workforce development, Lam Research, a leading provider of
semiconductor manufacturing equipment, has proposed to train 60,000
Indian engineers using their Semiverse Solution virtual fabrication
platform. A $400 million investment has also been made public by Applied
Materials, Inc. for the construction of a collaborative engineering hub in
India.
As part of this partnership, Micron Technology, Inc. has agreed to provide
funding from the Indian government in the amount of up to $825 million to
develop a new semiconductor assembly and test facility in India. Over the
following five years, it is anticipated that the total $2.75 billion investment
will generate about 5,000 direct jobs and provide 15,000 community work
opportunities.
