Micron has signed a memorandum of understanding (MoU) with the government of Gujarat to set up a semiconductor plant for the assembly and testing of chips in Sanand in Gujarat. The facility in the Gujarat Industrial Development Corporation (GIDC) will be fully integrated wherein wafers would go in and finished dynamic random access memory (DRAM) and RAM would come out.
Chips worth over Rs 1 trillion are provided by Micron, stated Ashwini Vaishnaw, union minister for electronics and information technology. He also added that the industry is expected to breach the $1 trillion mark, which is currently at $650 billion. Gujarat will also become the first state to make chips in India, as the Micron project is set to add 5,000 direct and 15,000 indirect jobs in the state.
The company stated that it would invest $2.75 billion to establish the facility in Sanand.
