US Chipmaking Giant Micron Starts Construction Of $2.75 Billion Semiconductor Factory In Gujart
Micron has selected Tata Projects to establish this assembly and test facility, which will focus on transforming wafers into ball-grid array (BGA) integrated circuit packages, memory modules, and solid-state drives. The company has announced a total investment of $2.75 billion. Out of this, Micron would invest up to $825 million over the two phases of the project, and the rest of the investment would come from the central and state governments. The memory chipmaker will receive 50 percent fiscal support for the total project cost from the Indian central government and incentives representing 20 percent of the total project cost from the state of Gujarat.
Micron predominantly makes two products: DRAM and NAND. DRAM is used as the main memory or RAM of a device, where it temporarily holds the data and instructions that the processor needs to run applications. NAND is used as a storage device that doesn't need power to retain data, like a portable flash drive. Founded in 1978, Micron has 11 manufacturing sites across the world, and the first one is coming up in India. The plant will also be India's first in the high-end semiconductor fabrication ecosystem. Meanwhile, Micron's investment in India also comes at a time when the company is facing a financial slowdown, primarily due to a partial ban in China.
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