Micron to make chips in India for local and global markets; create 5,000 jobs, CEO says

economictimes.indiatimes.com:

Gujarat facility will be shipped to Indian customers and also abroad, CEO of Micron Technology Sanjay Mehrotra said on Friday at the annual semiconductor conference in Gujarat. «I am proud to be here today to represent the company's commitment to build a semiconductor test facility right here in Gujarat. It is a first for India and the first major semiconductor company investment in the nation,» Mehrotra said at Semicon India 2023 event.

Mehrotra also said that it is estimated that the Gujarat facility will create as many as 5,000 jobs. «We estimate that our project in Gujarat will create nearly 5000 direct jobs and additional 15,000 jobs in the community. We are hopeful that this investment will help catalyse other investments in the sector,» he added.

Referring to digital India and Make in India, he said the initiatives are creating a truly transformative energy which will continue to drive positive progress. Earlier on June 22, the American chip maker announced that it would invest up to $825 million in its first chip assembly and test facility in India's Gujarat. With support from the Centre and Gujarat govt, the total investment in the factory will be $2.75 billion, Micron had said.

Of this, 50 per cent contribution will come from the Central government and 20 per cent from the state of Gujarat. The Cabinet had okayed the project ahead of Prime Minister Modi's state visit to the US. At the conference, Minister for Information Technology, Aswini Vaishnaw, also said that the construction of Micron's Gujarat facility will start soon.