This plant is anticipated to produce the first Make in India chip by December of next year. Credit: Vishnu Mohanan on Unsplash.

US-based computer storage chipmaker Micron Technology is soon set to break ground on its new semiconductor assembly and test facility in the Indian state of Gujarat.

Railways of India minister and member of the Indian parliament Ashwini Vaishnaw announced that the event will officially take place within four to six weeks.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

This plant is anticipated to produce the first ‘Make in India’ chip by December of next year, reported Business Standard.

The factory will be under development in Sanand, Gujarat.

Vaishnaw said: “A lot of progress has been made on that project. The site allocation has been done by the government of Gujarat. And now, the company is preparing to set up the factory.

See Also:

“The ground-breaking ceremony should take place within the next four to six weeks.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Micron and the Indian government signed a memorandum of understanding (MoU) on 28 June to develop the semiconductor facility. Micron plans to invest up to $825m towards it.

The entire expenditure on the development, including the Indian government’s involvement, will be $2.75bn.

The facility has received approval under the country’s Modified Assembly, Testing, Marking, and Packaging programme.

The scheme provides the company with 50% financial support for the overall project cost, with 20% financial assistance from the Gujarat government.

Based on an earlier press release from Micron, construction of the new assembly and testing plant in Gujarat is expected in the later phases of this year.

The first phase, which will feature 500,000ft² of planned cleanroom space, will begin operations in late 2024.

The company also indicated that in the coming years, the facility will create up to 5,000 new direct jobs and 15,000 additional community jobs.