Micron Technology, Inc., a US-based chipmaker, marked a significant milestone by breaking ground on its $2.75 billion assembly, testing, and packaging plant (ATMP) in Sanand, Gujarat. This event took place at the Gujarat Industrial Development Corporation’s (GIDC) industrial estate in Sanand, where Micron has been allotted 93 acres of land for the project.
The groundbreaking ceremony follows the Memorandum of Understanding (MoU) signed earlier this year, showcasing the company’s commitment to its investment in India. The plant represents the largest investment under the India Semiconductor Mission (ISM).
The project’s commencement is a direct outcome of Prime Minister Narendra Modi’s visit to the United States in June, where discussions and invitations paved the way for this significant development. The Micron plant will play a crucial role in enhancing India’s presence in the global semiconductor industry.
According to Union Minister Rajeev Chandrasekhar, Micron’s investment in Gujarat signifies India’s rapid progress in the semiconductor ecosystem. The country is transitioning from the old narrative of “why invest in India for semiconductors” to “why are we not investing in India for semiconductors.”
Tata Projects will collaborate with Micron Technology to construct the semiconductor assembly and test plant, which will include a 500,000 square feet clean room space, with Phase 1 scheduled to be operational by late 2024. The facility’s construction will contribute to advancing technology, promoting sustainable development, and strengthening the “Make in India” initiative.
Micron’s plant in Gujarat will not only create jobs but also serve as a catalyst for attracting global semiconductor leaders and multinational corporations (MNCs) to initiate advanced manufacturing operations in the state.
This investment aligns with Prime Minister Modi’s vision for India to become a key player in the global semiconductor supply chain, promoting self-reliance and strengthening the country’s position in this vital industry.
Semiconductor chips are essential components in various industries, from automobiles to mobile phones, railways to defense. India’s progress in electronics manufacturing and semiconductor investment is driving significant economic growth, generating jobs, and enhancing the country’s presence in the global market.