An MoU was signed between the Government of Gujarat and Micron Technology - a leading name in global semiconductor manufacturing.
Micron Technology will invest USD 2.5 billion to establish an ATMP facility in Gujarat’s Sanand.
The MoU was signed in the presence of CM Bhupendra Patel and Union Minister Ashwini Vaishnaw.
It is a watershed moment for India because the domestic semiconductor ecosystem will get a boost. During the US visit, PM Modi announced a USD 10 Billion Semicon India Program to catapult India into a global semiconductor chip manufacturing supply chain. After the announcement, a significant investment in India by Micron Technology was announced by US President Joe Biden. The investment aims to boost India’s Semicon Program through the establishment of a semiconductor assembly, test, and facility in the country.
“Today Semiconductor chip manufacturing’s MoU was signed in Gujarat. Semiconductor is a foundational industry. India's first chip manufacturing plant that will be set up in Gujarat's Sanand by Micron Technologies,” said Union Minister Ashwini Vaishnaw.