Sanjay Mehrotra, CEO of Micron, meets with Minister Piyush Goyal to discuss investment plans in India

Sanjay Mehrotra, CEO of Micron, meets with Minister Piyush Goyal to discuss investment plans in India

Sanjay Mehrotra, president and chief executive officer of Micron Technologies, met Piyush Goyal, minister of commerce and industry, in advance of Semicon India 2023. The two talked about Micron’s intentions to erect a $2.75 billion testing and assembly facility nearby. The two also talked about the prospects and expanding semiconductor ecosystem in India.

A brief about Sanjay Mehrotra, CEO of Micron, meets with Minister Piyush Goyal to discuss investment plans in India

“Met Sanjay Mehrotra, President & CEO of Micron Technology,” Goyal tweeted after the meeting. discussed Micron’s recent investment plans in the nation and how India is positioned to become one of the world leaders in the semiconductor industry as a result of its expanding semiconductor ecosystem.

The US memory chip company Micron has agreed to establish a new semiconductor assembly and test plant in India, giving Prime Minister Narendra Modi’s vision of turning the country into a semiconductor powerhouse a major boost. The announcement was made during PM Modi’s official visit to the US, where he met Mehrotra and other important figures from the semiconductor sector. He extended an invitation to them to increase semiconductor production in India. The demand from both domestic and foreign markets will be met by Micron’s new production facility in Gujarat, which will produce both DRAM and NAND products.

The new assembly and test facility in Gujarat is planned to start being built in phases in 2023, according to Micron. Beginning in late 2024, Phase 1, which includes 500,000 square feet of planned cleanroom space, will begin to be operational. Micron will steadily increase capacity over time in accordance with trends in worldwide demand. Micron anticipates that Phase 2 of the project, which entails building a facility on a par with Phase 1 in terms of size, will begin in the latter half of the decade.

Over the course of the project’s two phases, the business will invest up to $825 million, producing up to 5,000 new direct Micron jobs and 15,000 additional community jobs. The central government would provide 50% of the fiscal support for the whole project cost on behalf of Micron under the “Modified Assembly, Testing, Marking and Packaging (ATMP) Scheme,” and Gujarat will provide incentives totaling 20% of the total project cost. Over the course of both stages, Micron and the two governmental bodies will invest a total of up to $2.75 billion.

According to the firm, government assistance will help finance the project and make it easier for people to access crucial semiconductor infrastructure and resources, which will foster innovation and improve the growth of local talent. The new Micron plant will concentrate on converting wafers into solid-state drives, memory modules, and ball grid array (BGA) integrated circuit packages. 

According to the company’s sustainability objectives and in compliance with regional and international environmental commitments, it will construct and run the assembly and testing plant. Additionally, the facility will enable Zero Liquid Discharge by utilizing cutting-edge water-saving technologies.

In India, Mehrotra will speak at the second Semicon India, which will take place in Gandhinagar from July 28 to July 30, 2023. Prime Minister Narendra Modi is anticipated to give the event’s opening address. 

Leave a Reply