Pleased to be Part of Transformation in India’s Semiconductor Industry: Micron 

Micron Technology recently announced its intent  to invest more than $800 million toward a new $2.75 billion semiconductor assembly and test facility in India. The decision, which was made public after Prime Minister Narendra Modi’s visit to the USA, will be brought into motion with support from the India Semiconductor Mission. The company aims at building a new assembly and test facility in Gujarat, which will enable assembly and test manufacturing for both DRAM and NAND products,

The facility will be able to address demand from domestic and international markets. The construction of the unit should begin in 2023, and the project is expected to generate  5,000 new direct Micron jobs and 15,000 community jobs ij India over several years to come. Gursharan Singh, senior vice president of global assembly and test operations, said: “After more than a year of discussions with Indian government officials, spearheaded by the India Semiconductor Mission and the state of Gujarat, Micron is pleased to bring its industry-leading assembly and test capabilities to be a part of this transformation in India’s semiconductor industry.”

Micron will be granted financial assistance through the Indian government's "Modified Assembly, Testing, Marking and Packaging (ATMP) Scheme." This initiative entails Micron receiving 50% fiscal support for the overall project expenses from the central government, while the state of Gujarat will provide incentives equivalent to 20% of the total project cost. 

The collective investment by Micron and the two government entities is anticipated to reach $2.75 billion throughout both project phases. This significant backing from the government will not only contribute to funding the project but also facilitate access to vital semiconductor infrastructure and resources. Consequently, it will drive innovation, promote local talent development, and bolster overall growth in the semiconductor industry.

Micron said that it chose Gujarat as its preferred location primarily because of the state's robust manufacturing infrastructure, favorable business environment, and the presence of a well-established talent pool within the SANAND Industrial Park, overseen by the Gujarat Industrial Development Corporation (GIDC).