- US chip maker Micron will invest $825 million to build a chip assembly and testing facility in Gujarat. The combined investment by Macron and the Central and Gujarat governments will be $2.75 billion.
- Phased construction of the new assembly and test facility in Gujarat is expected to begin this year.
- Phase 1, which will include five million square feet of planned cleanroom space, will become operational in late 2024, and Micron will gradually increase capacity over time in line with global demand trends.
- The move will create 5,000 new direct Micron jobs and 15,000 community jobs over the next several years. Micron will receive 50% financial assistance from the Government of India towards the total project cost and 20% incentive from the Government of Gujarat towards the total project cost.
Qns : Which company is planning to invest in a chip assembly and testing facility in Gujarat?
Ans : (C) Micron