Micron Starts Building Semiconductor Plant in India

Micron Technology, one of the world’s largest semiconductor companies, has laid the foundation for a new semiconductor plant in Sanand, Gujarat, India. The plant will cost $2.75 billion (INR 22,500 crore) and is expected to generate 5,000 direct job opportunities and an additional 15,000 community job prospects over the next five years.

The facility will focus on transforming wafers into Ball Grid Array (BGA) packages, memory modules, and solid-state drives. It will be located in an industrial park outside the city, placed on 93 acres (over 376,000 sq.m).

The project is a success of the Indian government’s commitment to developing a semiconductor ecosystem in the country. Prime Minister Narendra Modi has promised up to 50% government support to all companies willing to set up shop in India.

The new plant is expected to be operational in 2024 and will help to reduce India’s dependence on imported semiconductors. It will also boost India’s manufacturing sector and contribute to the country’s economic growth.