US-based semiconductor firm and a great competitor of Samsung has fueled its engine to take a voyage to India as the company positions its semiconductor plant there. The move from the company could be seen as a simple step to claim and restrain the more significant bills.
However, the roving rovers are not classified by time since they have a lot of new things to do, something that may have surpassed the Korean firm. Micron Technology has invested nearly $2.75 billion in a chip factory in Sanand, Gujarat. It’s worth mentioning that Indian conglomerate Tata is teaming up with Micron to help construct the complex. After multiple discussions with the Indian government and Prime Minister Narendra Modi, Micron Technology laid the foundation for a semiconductor plant in India.
The meeting between Sanjay Mehrotra, the President and CEO of Micron Technology, and the Prime Minister of India, Narendra Modi, happened in the US. Micron has embarked on nearly $825 million to build the semiconductor industry and test facility in India.
Rajeev Chandrasekhar, Union Minister of State for Electronics and IT – “We have made tremendous strides in the last 9–10 years. It is undoubtedly a significant 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.“
In the wake of the semiconductor foundation, the company can offer around 5,000 direct job opportunities and 15,000 community job opportunities in India over the next five years. An investment of $2.75 billion can be a credible investment to generate capital. Micron’s Indian facility will be shown as the Assembly, Test, Marking, and Packaging unit.
