Over the last two months, semiconductor majors such as Micron, Applied Materials, AMD, and Lam Research, among others have announced their plans to expand presence in India.
The outlay has the potential to accelerate India’s journey towards economic development, help the country achieve self-reliance in technology, and foster technological sovereignty
Micron Technology, a leading global semiconductor company, is reportedly on the brink of committing upwards of $1 billion to establish a new chip packaging facility in India. This move, seen as a significant diversification of its geographic operations, comes at a time of escalating tensions between the US and China.