Micron has a big action company in India | Micron India
According to Reuters, Micron Technologies of the United States announced on the 22nd that it will invest up to $825 million in Gujarat, India to establish new chip assembly and testing facilities, marking the company's first factory in India.
Micron stated that with the support of the central government of India and the state of Gujarat, the total investment in the facility will reach 2.75 billion US dollars. 50% of it will come from the central government of India and 20% from Gujarat.
According to reports, the Indian cabinet approved the project before Prime Minister Modi's state visit to the United States.
Micron Technology's chip manufacturing plant in Manassas, USA
Micron stated that the construction of new facilities in Gujarat is expected to begin in 2023, and the first phase of the project will be operational by the end of 2024. The company stated that the second phase of the project is expected to begin in the second half of this decade. These two stages will create up to 5000 new job opportunities in total.
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According to the website of Voice of America, the White House has stated that the United States supports India's "great power rise" and that India will become a key strategic partner of the United States in the coming decades. The United States and India will enhance their strategic technology partnership, strengthen cooperation in emerging technologies such as space, clean energy, semiconductors, and artificial intelligence, and work more closely in the military.
According to reports, a senior Biden administration official revealed that during Modi's visit, the two countries will announce multi-dimensional technology cooperation projects. In terms of semiconductors, American semiconductor companies will establish a semiconductor ecosystem in India to enhance supply chain diversification. Micron Technology will receive support for the "National Semiconductor Mission in India" project, with an investment of over 800 million US dollars. Indian authorities will also invest additional funds to build semiconductor assembly and testing facilities worth 2.75 billion US dollars in India.
Applied Materials Corporation of the United States will also announce the establishment of a new commercial and innovative semiconductor center in India. The United States will assist in training 60000 Indian engineers and announce support for India's accession to the US led Mineral Safety Partnership to ensure that India can obtain the minerals needed for semiconductor production.
In addition, it is reported that both countries will announce cooperation projects in fields such as quantum computing, artificial intelligence, and climate technology. The United States will assist India in developing the next generation of 6G networks and welcome India to participate in the US's "dismantle and replace" project, which will dismantle and replace all telecommunications networks manufactured by "untrustworthy manufacturers" within the United States.