Micron to start production by December 2024; sprout 200 small units | India News

The government on Friday said that the first Made-in-India semiconductor chips are expected to be rolled out by December 2024, and hailed the investment by American Micron as a “significant and meaningful milestone” in the country’s journey to gain resilience in electronics manufacturing, reports Pankaj Doval.
Communications and IT minister Ashwini Vaishnaw said up to five semiconductor plants are likely to be set up in the country within a year, and Micron’s $2.7 billion project will also bring around 200 smaller units as part of the ecosystem. He said that land allocation, factory design work and tax compliance-related agreement for the Micron plant to be set up in Gujarat has been completed. “The first Made-in-India chip from Micron is expected to come out in about six quarters from now.”
Minister of State for IT & Electronics Rajeev Chandrasekhar said that following PM Narendra Modi’s visit to the US and his meetings with President Joe Biden, an estimated 80,000 new jobs are likely to be created after big-ticket announcements by players including Micron, Applied Materials, and Lam Research.
Apart from Micron’s announcement, semiconductor equipment maker Applied Materials plans to invest $400 million over the next four years in India to build a collaborative engineering centre in Bengaluru. This will focus on the commercialisation of technologies for semiconductor manufacturing equipment.

Source link