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Micron Technology's largest ever investment in Sanand, Gujarat, will make India a global hub for semiconductor manufacturing, said a senior official here at Nasscom Future Forge conclave on Tuesday.
The minister, who was speaking at Nasscom Future Forge conclave here, said India has a big presence in the global IT space with world-class companies like Wipro, Infosys, HCL and TCS.
"We're very patent heavy. We've contributed more than 54,000 patents. We have more than 3,000 people in Hyderabad and Bengaluru. We're very excited for our new manufacturing facility in Gujarat. This is going to be the largest ever investment in semiconductor manufacturing in India and is going to make the country a global hub in semiconductor manufacturing," said Sumit Sadana, executive vice president and chief business officer, Micron Technology.
Micron Technology: This investment is the largest so far under the India Semiconductor Mission (ISM). While Micron has committed to invest $825 million, the rest will be covered by subsidies. The plant is likely to be operational by late 2024.
This investment is the largest so far under the India Semiconductor Mission (ISM). While Micron has committed to invest $825 million, the rest will be covered by subsidies. The plant is likely to be operational by late 2024.