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computer storage chip maker micron will set up its semiconductor assembly and test plant in gujarat entailing a total investment of usd 2.75 billion (around rs 22,540 crore), the company said on thursday. the total cost of the plant comprises usd 825 million (around rs 6,760 crore) from micron and the rest from the government in two phases, according to a company statement. “we are excited about the steps india is taking to develop the local semiconductor ecosystem,” micron president and ceo sanjay mehrotra
The total cost of the plant comprises USD 825 million (around Rs 6,760 crore) from Micron and the rest from the government in two phases, according to a company statement.
Micron's Game-Changing Investment: State-of-the-Art Semiconductor Facility to Revolutionize India's High-Tech Landscape financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Under the scheme, Micron will receive 50 per cent fiscal support for the total project cost from the Indian central government and incentives representing 20 per cent of the total project cost from the state of Gujarat.