US-based chip maker Micron Technology has announced plans to invest up to $825 million in its first semiconductor assembly and test facility in the Indian state of Gujarat. The investment marks Micron Technology’s foray into the Indian semiconductor market, indicating the company’s confidence in the country’s potential for growth in the technology sector.
Bringing Precision Semiconductor Technology to India
Union Minister for Communications, Electronics, and Information Technology, Ashwini Vaishnaw, recently demonstrated the complex and precision semiconductor technology that Micron Technology will bring to India. The demonstration showcased the advanced capabilities of Micron’s semiconductor systems and their potential impact on India’s technological landscape.
Approval under the “Modified Assembly, Testing, Marking and Packaging (ATMP) Scheme”
Micron Technology’s facility in Gujarat has received approval under the Indian government’s “Modified Assembly, Testing, Marking, and Packaging (ATMP) Scheme.” This scheme aims to promote and support domestic semiconductor manufacturing, attracting investments from global technology companies like Micron Technology.
First Made-in-India Semiconductor Chip Expected in Six Quarters
Ashwini Vaishnaw expressed optimism about the future of semiconductor manufacturing in India, stating that Micron Technologies’ investment will lead to the establishment of the country’s first semiconductor unit. He further stated that the goal is to have the first made-in-India semiconductor chip rolling out of the facility within the next six quarters.
The investment by Micron Technology represents a significant step towards bolstering India’s semiconductor industry and fostering technological innovation within the country. With this development, India is poised to become a key player in the global semiconductor market.
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