July 5, 2023 /SemiMedia/ -- According to reports, a senior Indian government official said that India's first semiconductor assembly plant will break ground next month and start producing the country's first batch of domestic chips by the end of 2024.

India's Electronics and Information Technology Minister Ashwini Vaishnaw said Micron is building a chip assembly and testing plant in Gujarat state, a $2.75 billion project that will start construction in August, including government support.

"We are aiming to produce the first batch from this factory within 18 months, which is December 2024," Vaishnaw said.

The Indian government-led semiconductor mission is also doing extensive work to enlist the support of other supply chain partners, including chemical, gas and manufacturing equipment suppliers, as well as those interested in setting up silicon wafer fabs, Vaishnaw said.

"Practically every complex chip in the world has been designed in India. The ecosystem is already there. Getting the fab is the next step and that's what we're focusing on, and the Micron fab is a very big win," Vaishnaw said.