Micron plans $2.7bn semiconductor plant

Micron Technology Operations India, a subsidiary of US-based Micron Technology and a leading producer of computer memory and data storage solutions, has unveiled plans to invest $2.7 billion (Rs 221.38 billion) in establishing a new semiconductor plant in Sanand, Gujarat, India. The construction of this facility is expected to generate around 5,000 job opportunities.

The semiconductor plant will facilitate assembly and test manufacturing for both dynamic random-access memory (DRAM) and NAND products, catering to the demands of both domestic and international markets. The first phase of the project will encompass 46,500 square meters of cleanroom space and is anticipated to commence operations by the end of 2024. Subsequently, the second phase, mirroring the scale and operations of the initial phase, is projected to commence operations in the latter half of the decade.

Sanjay Mehrotra, President and CEO of Micron, expressed enthusiasm about India’s efforts to foster a local semiconductor ecosystem. He acknowledged the support of the Indian government and all officials involved in making this investment possible. Mehrotra highlighted that the new assembly and test location in India will enable Micron to expand its global manufacturing capacity and better serve customers in India and across the globe.

The choice of Gujarat as the plant’s location was attributed to the state’s robust manufacturing infrastructure, business-friendly environment, and the availability of talented workforce concentrated around the Sanand Industrial Park. Sanand, situated in proximity to the major city of Ahmedabad, has a track record of attracting significant investments from both domestic and foreign companies, including Tata Motors, Ford, Hitachi, GE, and Procter & Gamble.