An MoU was signed between the Government of Gujarat and Micron Technology - a leading name in global semiconductor manufacturing. <br /><br />Micron Technology will invest USD 2.5 billion to establish an ATMP facility in Gujarat’s Sanand. <br /><br />The MoU was signed in the presence of CM Bhupendra Patel and Union Minister Ashwini Vaishnaw. <br /><br />It is a watershed moment for India because the domestic semiconductor ecosystem will get a boost. During the US visit, PM Modi announced a USD 10 Billion Semicon India Program to catapult India into a global semiconductor chip manufacturing supply chain. After the announcement, a significant investment in India by Micron Technology was announced by US President Joe Biden. The investment aims to boost India’s Semicon Program through the establishment of a semiconductor assembly, test, and facility in the country.<br /><br />“Today Semiconductor chip manufacturing’s MoU was signed in Gujarat. Semiconductor is a foundational industry. India's first chip manufacturing plant that will be set up in Gujarat's Sanand by Micron Technologies,” said Union Minister Ashwini Vaishnaw.<br />
