Gujarat govt, American chipmaker Micron to sign MoU on Wednesday for semiconductor plant

Gandhinagar: The government of Gujarat will on Wednesday, 28th of June evening sign an MoU (Memorandum of Understanding) with the U.S. based semiconductor chip making company Micron Technology in presence of the State Chief Minister for a semiconductor assembly and test facility at Sanand in Ahmedabad district.

On June 22, Micron announced it will set up a semiconductor assembly and test plant in Gujarat entailing a total investment of USD 2.75 billion (around Rs 22,540 crore).

The joint statement of Prime Minister Modi and President Biden mentioned: Prime Minister Modi and President Biden hailed the signing of an MoU on Semiconductor Supply Chain and Innovation Partnership as a significant step in the coordination of our countries’ semiconductor incentive programs. This will promote commercial opportunities, research, talent, and skill development. The leaders welcomed an announcement by Micron Technology, Inc., to invest up to $825 million to build a new semiconductor assembly and test facility in India with support from the Indian government. The combined investment valued at $2.75 billion would create up to 5,000 new direct and 15,000 community jobs opportunities in next five years. The leaders also welcomed Lam Research’s proposal to train 60,000 Indian engineers through its Semiverse Solution virtual fabrication platform to accelerate India’s semiconductor education and workforce development goals, and an announcement by Applied Materials, Inc., to invest $400 million to establish a collaborative engineering center in India. DeshGujarat