Jun 23, 2023 /SemiMedia/ -- Micron Technology said on the 22nd that it will invest $825 million to build a new chip packaging and testing plant in Gujarat State, India, which will be the company's first plant in India.
With the support of India's central government and the state of Gujarat, the total investment in the plant will amount to $2.75 billion, Micron said. Of this, 50% will come from the central government of India and 20% from the state of Gujarat.
Construction of the new facility in Gujarat state is expected to begin in 2023, with the first phase to be operational by the end of 2024, Micron said. The second phase is expected to start after 2025. Together, the two phases will create up to 5,000 jobs.
