Micron plans to set up more semiconductor chip units in India

News from this site on September 18, according to "Mint", India's Minister of Electronics and Information Technology Rajeev Chandrasekhar said that in addition to the proposed manufacturing unit, Micron also intends to establish multiple semiconductor assembly and packaging units in India. Micron will We are optimistic about the Indian market in the long term.

The minister said that Micron’s investment in India has prompted a change of attitude among those on the sidelines; therefore, it is in the government’s interest to ensure that the company’s first factory becomes operational as soon as possible

Micron CEO Sang Jai Mehrotra said at Semicon India 2023 in July this year that the semiconductor and packaging giant will begin the next phase of expansion after 2025.

The company has previously announced an investment of US$800 million (approximately RMB 5.832 billion) to establish a semiconductor assembly, test, marking and packaging (ATMP) factory in Sanad, Gujarat, India. Indian officials said that as the first factory becomes operational, more similar facilities will appear.

Micron's first successful investment in India will bring two major benefits. First, it will provide guidance to other companies and investors, encouraging them to invest in Doleira or elsewhere. Secondly, these companies coming to India will see an increase in value and have the opportunity to expand further

He also mentioned: "We have created a policy framework to attract a globally important company, and they will Starting with packaging, it is expected to enter the semiconductor manufacturing field in the next four to five years. The Indian government is talking to all entities in the semiconductor market, and the level of participation in discussions has increased significantly compared to entities that were less focused on India before.”

He added that wafer fabs usually appear in large numbers in a certain area, including packaging plants. Taking Malaysia and Japan as examples, he said: "If you look at the history of the development of wafer fabs and packaging fabs anywhere in the world, you will find that they all started from a small scale. Unless the local environment or government policy changes An extremely bad change, otherwise they will all expand to large-scale complexes with multiple factories, multiple fabs, and multiple packaging plants.”

Currently, the Indian government has provided approximately US$1.95 billion to Micron (currently approximately US$14.216 billion). billion RMB) of financial assistance, and the current total investment in the project has reached US$2.75 billion (currently approximately RMB 20.047 billion). Construction of the facility is expected to begin this year, with the first phase expected to be operational by the end of 2024, and India expects its first locally produced chips to be available in December 2024.

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