Micron’s funding an enormous milestone in India semiconductor roadmap: Chandrashekhar

New Delhi: Micron’s funding in India is an enormous milestone within the nation’s roadmap as a semiconductor nation, mentioned minister of state for electronics and knowledge know-how Rajeev Chandrashekhar instructed Mint, following the US-based know-how makers $825 funding announcement into India on Thursday to make an meeting and testing facility.

 “It is a large milestone in India’s roadmap and progress as a semiconductor nation. Within the final 18 months, after the announcement of semiconductor imaginative and prescient by PM Narendra Modi and the deliberate funding of 76,000 Cr to catalyze and construct India’s semicon ecosystem, a lot progress has been made,” he mentioned, noting that the progress made has been in a brief time frame. 

He added that extra bulletins are anticipated to be made going ahead as India develop to change into an important associate in international electronics and semiconductor worth chains. 

“That is only a starting as there may be extra to return as India quickly grows as a big and trusted associate to international electronics and semiconductor worth and provide chains,” he added. 

Idaho-headquartered Micron on Thursday confirmed semiconductor meeting, testing facility in Sanand, Gujarat the place it’ll make investments $825 million in two phases of the undertaking, with complete funding of $2.75 billion together with authorities incentives beneath PLI scheme. 

Within the first section, the five hundred,000 sq ft plant will start manufacturing later this 12 months and the second section to begin in second half of this decade. 

The ability shall be used for meeting and testing of DRAM and NAND flash modules, and the undertaking will create 5,000 direct and 15,000 oblique group jobs.

“Micron’s new facility will allow meeting and check manufacturing for each DRAM and NAND merchandise and deal with demand from home and worldwide markets.

Phased building of the brand new meeting and check facility in Gujarat is anticipated to start in 2023,” the corporate mentioned in an announcement.

Micron added that it’s going to ramp capability progressively over time consistent with international demand tendencies. 

Micron will obtain 50% fiscal assist for the whole undertaking price from the Indian central authorities and incentives representing 20% of the whole undertaking price from the state of Gujarat. The mixed funding by Micron and the 2 authorities entities over the course of each phases shall be as much as $2.75 billion. Authorities assist will assist fund the undertaking and facilitate entry to important semiconductor infrastructure and sources to drive innovation and improve native expertise growth.

 “We’re excited concerning the steps India is taking to develop the native semiconductor ecosystem,” mentioned Micron President and CEO Sanjay Mehrotra. “Our new meeting and check location in India will allow Micron to develop our international manufacturing base and higher serve our clients in India and all over the world.”

Micron’s plans are a part of the corporate’s technique to satisfy anticipated long-term demand for reminiscence and storage throughout markets and complement the firm’s international meeting and check community.

 “Micron’s funding to arrange meeting and check manufacturing in India will basically remodel India’s semiconductor panorama and generate tens of 1000’s of high-tech and building jobs,” mentioned Union Cupboard Minister for Railways, Communications, Electronics and IT Ashwini Vaishnaw. 

 “This funding shall be an important constructing block within the nation’s blossoming semiconductor ecosystem.”

Micron mentioned it chosen the state of Gujarat because of its manufacturing infrastructure, conducive enterprise surroundings and a well-established expertise pipeline within the SANAND Industrial Park (Gujarat Industrial Growth Company – GIDC).

 “After greater than a 12 months of discussions with Indian authorities officers, spearheaded by the India Semiconductor Mission and the state of Gujarat, Micron is happy to carry its industry-leading meeting and check capabilities to be part of this transformation in India’s semiconductor {industry},” mentioned Micron’s senior vice chairman of world meeting and check operations Gursharan Singh.

Micron’s new facility will concentrate on reworking wafers into ball grid array (BGA) built-in circuit packages, reminiscence modules and solid-state drives.

Micron will construct and function the meeting and check facility in accordance with the corporate’s sustainability targets and consistent with native and international environmental commitments. Micron is dedicated to designing and constructing the power to satisfy or exceed Management in Vitality and Environmental Design (LEED) Gold requirements. Moreover, the power will use superior water-saving applied sciences to allow Zero Liquid Discharge.

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Up to date: 22 Jun 2023, 07:32 PM IST