American Semiconductor giant Micron is going to invest Rs 22,540 crore in India to set up a semiconductor manufacturing facility in Gujarat, India. Company to start producing Made-in-India semiconductor ship by December 2024

Due to this over 80,000 new jobs will be created in India, which is good news for the Indian professionals. As per the Govt. of India statement, land has been acquired and initial planning is already completed for this project. India will get its first Made-in-India semiconductor chips by December 2024.

US chipmaker Micron Technology on Thursday announced the establishment of a semiconductor manufacturing and testing facility in Gujarat with an investment of USD 825 million. This is a big boost to India's ambition to become a semiconductor manufacturer.

Micron becomes the second company to set up a semiconductor manufacturing unit in Gujarat after a Vedanta-Foxconn joint venture.

The announcement came just after PM Modi’s meeting with Micron Technology’s CEO Sanjay Mehrotra in the USA. Willard Intercontinental Hotel in Washington D.C. Mr. Mehrotra  said that he was looking for “greater opportunities” in India.

Mehrotra  quoted in the statement “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.” From this it is clear that the Company is going to manufacture semiconductor chips in India for Indian customers as well as for the World. So, India is going to be a semiconductor manufacturing and exporting company by December 2024.

Micron’s new facility in India will be transforming wafers into ball grid array (BGA) integrated circuit packages, which will be used by the company for the manufacturing of memory modules and solid-state drives. These days there is a huge demand for SSD drives and fast memory chips for computers, servers and laptops. Indian customers will soon get Made-in-India SSD drives, memory chips and many such electronic items.

Company further said “The combined investment by Micron and the two government entities over the course of both phases will be up to $2.75 billion. Government support will help fund the project and facilitate access to essential semiconductor infrastructure and resources to drive innovation and enhance local talent development,” in a statement.

Rajeev Chandrasekhar said that Prime Minister Narendra’s Modi’s visit to the US and his meetings with President Joe Biden resulted in this deal, which will bring over an estimated 80,000 new jobs in the Indian market. Ministere further said that major players including Micron, Applied Materials, and Lam Research will collaborate for this project.

Chandrasekhar  further added  "These three investment decisions will create a minimum of 80,000 jobs directly in my estimate and indirectly the numbers could be much higher. More than that, it will be a catalyst to the overall electronics and semiconductor ecosystem."

"The PM's vision is to make India a central presence in the global semiconductor value chain. And India is slowly and surely, after 75 years of being totally absent from the semiconductor space, becoming a growing force in the semiconductor ecosystem... from design to talent, and packaging to research and soon-to-be in Fab," he said.