India aims for first semiconductor production by end of next year... Partners with Micron

Local Media and Foreign Reports
Semiconductor Assembly Plant Construction to Begin Next Month

India is set to showcase semiconductors produced domestically for the first time next year through Micron Technology, the largest memory semiconductor manufacturer in the United States.

Micron Technology logo
Photo by Reuters

According to Indian media Mint and other foreign outlets, Micron plans to start constructing a semiconductor assembly plant in India next month and aims to begin semiconductor production around December next year.

Ashwini Vaishnaw, India's Minister of Electronics and Information Technology, explained that Micron will invest a total of $2.75 billion (approximately 3.6 trillion KRW), including subsidies from the Indian government, to build a semiconductor assembly plant and testing facilities in the northwestern state of Gujarat.

Earlier, local Indian media reported that Micron recently signed a memorandum of understanding (MOU) with the state government of Gujarat to build a semiconductor factory there.

Mint reported that Micron will receive support covering 50% of the total project cost from the Indian federal government and incentives equivalent to 20% of the project cost from the Gujarat state government.

The factory will be located in Sanand Sidhda, Ahmedabad district, Gujarat. Gujarat is the region where Narendra Modi, the Prime Minister of India, served as Chief Minister from 2001 until he became Prime Minister in 2014.

This content was produced with the assistance of AI translation services.