Phased construction of new assembly and testing facility in Gujarat expected to begin in 2023 – employing 20,000 people
BENGALURU, Micron Technology on Thursday announced the setting up of a new $2.75 billion semiconductor assembly and test facility in Gujarat. Micron to set up $2.75 bn semi-conductor assembly and test facility in Gujarat
A day after Prime Minister Narendra Modi met Indian-American president and Micron CEO Sanjay Mehrotra in Washington. During his visit to the US, Micron will invest up to $825 million in two phases of the project and will create up to 5,000 new direct Micron jobs and 15,000 community jobs over the next several years.
Under the government’s ‘Modified Assembly, Testing, Marking and Packaging (ATMP) Scheme’, Micron will get financial assistance representing 50 per cent of the total project cost from the Center and incentives representing 20 per cent of the total project cost from Gujarat.
The combined investment in the two phases will be up to $2.75 billion. Micron’s new facility will enable assembly and test production for both DRAM and NAND products and address demand from domestic and international markets, the company said in a statement.
I had an excellent meeting with PM Modi. I am very impressed with the vision that he has for India and the advances that India is making.
– Micron CEO Sanjay Mehrotra pic.twitter.com/Q6VO7MLvuz
— BJP (@BJP4India) June 21, 2023
The Prime Minister invited Micron Technology to boost semiconductor manufacturing in India and noted that the country can provide competitive advantages in various parts of the semiconductor supply chain.
“We are excited about the steps India is taking to develop a domestic semiconductor ecosystem,” Mehrotra said.
“I am grateful to the Government of India and all the officials involved who made this investment possible. Our new assembly and test location in India will enable Micron to expand our global manufacturing base and better serve our customers in India and around the world.” Phased construction of the new assembly and testing facility in Gujarat is expected to begin in 2023, he added.
— Press Trust of India (@PTI_News) June 21, 2023
Phase 1, which will include 500,000 square feet of planned cleanroom space, will begin operations in late 2024, and Micron will gradually increase capacity over time in line with global demand trends.
Micron expects Phase 2 of the project, which will involve construction of a facility similar to Phase 1, to begin in the second half of the decade. “Micron’s investment to set up assembly and test manufacturing in India will fundamentally change India’s semiconductor landscape and create thousands of high-tech and construction jobs,” said IT and Railway Minister Ashwini Vaishnav.
“This investment will be a crucial building block in the country’s blossoming semiconductor ecosystem,” the minister added. Micron will build and operate the assembly and test facility in accordance with the company’s sustainability goals and local and global environmental commitments.