AI is as foundational as discovery of fire, says Micron global CBO

economictimes.indiatimes.com:

Micron was the first major company to sign up for the Indian government’s $1 billion Indian Semiconductor Mission when it announced a chip assembly plant in Gujarat last year at an overall investment of $2.75 billion. The firm, which builds memory products and is currently riding a generative artificial intelligence (GenAI)-led boom, having seen its market cap rise about 117% in the past year to $145.92 billion. Its chief business officer, Sumit Sadana, told ET in an interview that the company hopes to start the India facility by 2025 which will complement some part of its global sales given its AI led products are sold out till 2025. He also spoke about whether the exorbitant cost of AI products will come down, productivity gains, investing in India’s startup ecosystem and more. Edited excerpts:

On Micron’s upcoming India facility

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We have been working with various organisations in India to make this project a reality and we expect it to be operational in 2025. We expect to start shipping volume from there as the largest semiconductor back-end manufacturing facility, assembly, packaging and test in India. So, it's going to really help revitalise and kick-start India's semiconductor ecosystem as well. We are very excited about the broader implications of that for the Indian economy as well. Our goal is to bring the supply in line with the demand growth and, of course, in the medium term, demand growth is very strong led by AI.