Micron Technology, a renowned US-based memory chip manufacturer, has reaffirmed its commitment to constructing a cutting-edge semiconductor assembly and test facility in Gujarat, India. This development was initially disclosed during Prime Minister Modi’s recent visit to the United States, where he held discussions with Sanjay Mehrotra, President and CEO of Micron Technology, and other influential figures from the semiconductor industry.
Speaking at the Semicon India 2023 event, Sanjay Mehrotra lauded Prime Minister Modi for his visionary approach and support through initiatives like Digital India and Make in India. Micron has displayed its dedication to India’s semiconductor industry by announcing plans for the Gujarat plant, which will not only generate nearly 5,000 direct job opportunities but also create an additional 15,000 jobs in the local community.
The proposed assembly and testing plant, valued at $2.75 billion, was discussed during a meeting with Minister of Commerce and Industry, Piyush Goyal, ahead of Semicon India 2023. During this meeting, Sanjay Mehrotra outlined the company’s investment vision for India and highlighted the country’s potential to become a global leader in the semiconductor sector.
The construction of Micron’s state-of-the-art facility is set to commence in 2023, with Phase 1 expected to become operational by late 2024. This initial phase will cover 500,000 square feet of planned cleanroom space, and Micron plans to gradually increase capacity in accordance with global demand patterns. Phase 2, which will be of similar scale to Phase 1, is projected to begin in the latter half of the decade.
By establishing a manufacturing unit for both DRAM and NAND products in Gujarat, Micron aims to address the escalating demand from both domestic and international markets. Moreover, the company’s investment in the region is anticipated to serve as a catalyst for further advancements in the semiconductor sector, fostering an environment conducive to innovation and business growth