+
Micron's chip factory construction to commence in 4-6 weeks
Technology

Micron's chip factory construction to commence in 4-6 weeks

Union Minister Ashwini Vaishnaw announced that the groundbreaking ceremony for Micron Technology's semiconductor factory will take place in the next four to six weeks. During the launch of the Bharat 6G alliance in New Delhi, Vaishnaw revealed that the land for the factory in Gujarat had already been allocated. He stated, "Significant progress has been made on that project. The government of Gujarat has completed the site allocation and now, the company is preparing to establish the factory."

Vaishnaw mentioned that the groundbreaking ceremony is expected to occur within the next four to six weeks, with the production of the "first Make in India chip" anticipated by December 2024 from this factory. On June 28, Micron, the US-based chipmaker, signed an agreement with the Indian government to construct a semiconductor plant. While Micron plans to invest up to $825 million in the facility, the total investment, including the contribution from the Indian government, will amount to $2.75 billion. The factory will be located in Sanand, Gujarat.

Earlier, on June 22, Micron announced its $2.75 billion investment to establish a semiconductor assembly and testing plant in Gujarat. The Micron facility has received approval under the Centre's "Modified Assembly, Testing, Marking, and Packaging (ATMP) Scheme." As per the scheme, the US-based company will receive 50% fiscal support for the overall project cost from the Centre and an additional 20% fiscal support from the Gujarat government.

Micron stated that phased construction of the new assembly and testing facility in Gujarat is expected to commence in 2023. The first phase, comprising 500,000 sq ft of planned clean-room space, is scheduled to become operational by late 2024, according to a previous statement by Micron. The company also indicated that the plant will generate approximately 5,000 new direct jobs and 15,000 new community jobs over the coming years, contributing to employment opportunities in the region.

Union Minister Ashwini Vaishnaw announced that the groundbreaking ceremony for Micron Technology's semiconductor factory will take place in the next four to six weeks. During the launch of the Bharat 6G alliance in New Delhi, Vaishnaw revealed that the land for the factory in Gujarat had already been allocated. He stated, Significant progress has been made on that project. The government of Gujarat has completed the site allocation and now, the company is preparing to establish the factory.Vaishnaw mentioned that the groundbreaking ceremony is expected to occur within the next four to six weeks, with the production of the first Make in India chip anticipated by December 2024 from this factory. On June 28, Micron, the US-based chipmaker, signed an agreement with the Indian government to construct a semiconductor plant. While Micron plans to invest up to $825 million in the facility, the total investment, including the contribution from the Indian government, will amount to $2.75 billion. The factory will be located in Sanand, Gujarat.Earlier, on June 22, Micron announced its $2.75 billion investment to establish a semiconductor assembly and testing plant in Gujarat. The Micron facility has received approval under the Centre's Modified Assembly, Testing, Marking, and Packaging (ATMP) Scheme. As per the scheme, the US-based company will receive 50% fiscal support for the overall project cost from the Centre and an additional 20% fiscal support from the Gujarat government.Micron stated that phased construction of the new assembly and testing facility in Gujarat is expected to commence in 2023. The first phase, comprising 500,000 sq ft of planned clean-room space, is scheduled to become operational by late 2024, according to a previous statement by Micron. The company also indicated that the plant will generate approximately 5,000 new direct jobs and 15,000 new community jobs over the coming years, contributing to employment opportunities in the region.

Related Stories

Gold Stories

Next Story
Resources

Isprava Appoints Sanjay Sethi as Strategic Advisor

Isprava Group has appointed Dr Sanjay Sethi as Strategic Advisor to the business, with a focus on Lohono Stays and Isprava Hospitality.Sethi brings more than 37 years of experience across hospitality operations, development, ownership, strategic growth and capital markets. He will work closely with the Group on strategy, growth and the development of its hospitality business.The appointment comes as Isprava Group expands its integrated ecosystem spanning luxury homes, hospitality, private membership and end-to-end homeowner services.Nibhrant Shah, Managing Director & Co-CEO, Isprava Group, sai..

Next Story
Infrastructure Energy

SunBridge BioEnergy Starts Ethanol Production in Seoni

SunBridge BioEnergy, the bioenergy arm of SunBridge Group, has commenced commercial production at its grain-based fuel-grade ethanol manufacturing facility in Seoni, Madhya Pradesh. The Seoni plant has a production capacity of 300 kilolitres per day and a storage capacity of 11,000 kilolitres. Spread across approximately 117,560 sq m, the facility marks SunBridge BioEnergy’s entry into commercial ethanol production. The company is also expanding its ethanol portfolio with a 400 KLD facility in Raipur, Chhattisgarh, which is expected to become operational soon. Once commissioned, SunBridge ..

Next Story
Infrastructure Urban

Petros Stone Unveils Bastar Art Furniture Collection

Petros Stone LLP has unveiled a new collection of collectible furniture combining Bastar art with Indian natural stone in collaboration with Inch Studio at India Design ID Mumbai 2026. The collection, being showcased from October 9-11 at Jio World Garden, BKC, Mumbai, brings together indigenous craftsmanship and natural stone to create limited-edition pieces for contemporary interiors. The designs combine the sculptural and handcrafted character of Bastar art with natural stone selected, cut, shaped and finished by Petros Stone’s processing teams. Developed with Inch Studio, the collection..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code