{"id":765344,"date":"2023-06-22T07:29:31","date_gmt":"2023-06-22T11:29:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/micron-announces-new-semiconductor-assembly-and-test-facility-in-india\/"},"modified":"2023-06-22T07:29:31","modified_gmt":"2023-06-22T11:29:31","slug":"micron-announces-new-semiconductor-assembly-and-test-facility-in-india","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/micron-announces-new-semiconductor-assembly-and-test-facility-in-india\/","title":{"rendered":"Micron Announces New Semiconductor Assembly and Test Facility in India"},"content":{"rendered":"

\nNew DRAM and NAND assembly and test facility \u2013 the first in India \u2013 will expand Micron\u2019s global manufacturing base to meet future demand
\n<\/h2>\n
\n

BOISE, Idaho, June 22, 2023 (GLOBE NEWSWIRE) — Micron Technology, Inc. (NASDAQ: MU), one of the world\u2019s largest semiconductor companies, today announced plans to build a new assembly and test facility in Gujarat, India. Micron\u2019s new facility will enable assembly and test manufacturing for both DRAM and NAND products and address demand from domestic and international markets.<\/p>\n

Phased construction of the new assembly and test facility in Gujarat is expected to begin in 2023. Phase 1, which will include 500,000 square feet of planned cleanroom space, will start to become operational in late 2024, and Micron will ramp capacity gradually over time in line with global demand trends. Micron expects Phase 2 of the project, which would include construction of a facility similar in scale to Phase 1, to start towards the second half of the decade.<\/p>\n

Micron\u2019s investment will be up to $825 million over the two phases of the project and will create up to 5,000 new direct Micron jobs and 15,000 community jobs over the next several years. Under the government’s \u201cModified Assembly, Testing, Marking and Packaging (ATMP) Scheme,\u201d Micron will receive 50% fiscal support for the total project cost from the Indian central government and incentives representing 20% of the total project cost from the state of Gujarat. The combined investment by Micron and the two government entities over the course of both phases will be up to $2.75 billion. Government support will help fund the project and facilitate access to essential semiconductor infrastructure and resources to drive innovation and enhance local talent development.<\/p>\n

\u201cWe are excited about the steps India is taking to develop the local semiconductor ecosystem,\u201d said Micron President and CEO Sanjay Mehrotra. \u201cI am grateful to the Indian government and all of the officials involved that made this investment possible. Our new assembly and test location in India will enable Micron to expand our global manufacturing base and better serve our customers in India and around the world.\u201d<\/p>\n

Micron\u2019s plans are part of the company\u2019s strategy to meet expected long-term demand for memory and storage across markets and complement the company\u2019s global assembly and test network.<\/p>\n

\u201cMicron\u2019s investment to set up assembly and test manufacturing in India will fundamentally transform India\u2019s semiconductor landscape and generate tens of thousands of high-tech and construction jobs,\u201d said Union Cabinet Minister for Railways, Communications, Electronics and IT Shri Ashwini Vaishnaw. \u201cThis investment will be a crucial building block in the country\u2019s blossoming semiconductor ecosystem.\u201d<\/p>\n

Micron selected the state of Gujarat due to its manufacturing infrastructure, conducive business environment and a well-established talent pipeline in the SANAND Industrial Park (Gujarat Industrial Development Corporation \u2013 GIDC).<\/p>\n

\u201cAfter more than a year of discussions with Indian government officials, spearheaded by the India Semiconductor Mission and the state of Gujarat, Micron is pleased to bring its industry-leading assembly and test capabilities to be a part of this transformation in India\u2019s semiconductor industry,\u201d said Micron\u2019s Senior Vice President of Global Assembly and Test Operations Gursharan Singh.\u00a0\u00a0<\/p>\n

Micron\u2019s new facility will focus on transforming wafers into ball grid array (BGA) integrated circuit packages, memory modules and solid-state drives.<\/p>\n

Micron will build and operate the assembly and test facility in accordance with the company\u2019s sustainability goals<\/a> and in line with local and global environmental commitments. Micron is committed to designing and building the facility to meet or exceed Leadership in Energy and Environmental Design (LEED) Gold standards. Additionally, the facility will use advanced water-saving technologies to enable Zero Liquid Discharge.<\/p>\n

Micron was named one of the\u00a02022 World\u2019s Most Ethical Companies<\/u><\/a>, awarded a Ecovadis Sustainability Platinum medal (top 1%) and was recognized as one of\u00a0Newsweek America\u2019s Most Responsible Companies<\/u><\/a>. In India, Micron was a Silver winner of the India Workplace Equality Index (IWEI) 2022, won the Data Engineering Award for Data Engineering Transformation and was the recipient of two DivHERsity 2023 Awards (Top 20 Most Innovative Practices in Women Leadership and Development; Top 3 companies\u00a0in the Electrical, Electronics and Semiconductor Industry).<\/p>\n

\n About Micron Technology, Inc.<\/strong>
\n
We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life\u00a0for all<\/em>. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron\u00ae and Crucial\u00ae brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence and 5G applications that unleash opportunities \u2014 from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit\u00a0micron.com<\/u><\/a>.<\/p>\n

\n \u00a9 2023 Micron Technology, Inc. All rights reserved. Information, products, and\/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.<\/em>\u00a0<\/p>\n

\n Micron Media Relations Contact<\/strong>\u00a0
Erica Rodriguez Pompen\u00a0
Micron Technology, Inc.\u00a0
+1 (408) 834-1873\u00a0
epompen@micron.com\u00a0<\/a><\/p>\n

\n Micron Investor Relations Contact<\/strong>\u00a0
Farhan Ahmad \u00a0
Micron Technology, Inc. \u00a0
+1 (408) 834-1927\u00a0
farhanahmad@micron.com\u00a0<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

New DRAM and NAND assembly and test facility \u2013 the first in India \u2013 will expand Micron\u2019s global manufacturing base to meet future demand BOISE, Idaho, June 22, 2023 (GLOBE NEWSWIRE) — Micron Technology, Inc. (NASDAQ: MU), one of the world\u2019s largest semiconductor companies, today announced plans to build a new assembly and test facility in Gujarat, India. Micron\u2019s new facility will enable assembly and test manufacturing for both DRAM and NAND products and address demand from domestic and international markets. Phased construction of the new assembly and test facility in Gujarat is expected to begin in 2023. Phase 1, which will include 500,000 square feet of planned cleanroom space, will start to become operational in late 2024, and Micron … <\/p>\n

Continue reading “Micron Announces New Semiconductor Assembly and Test Facility in India”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-765344","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMicron Announces New Semiconductor Assembly and Test Facility in India - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/micron-announces-new-semiconductor-assembly-and-test-facility-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Micron Announces New Semiconductor Assembly and Test Facility in India - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New DRAM and NAND assembly and test facility \u2013 the first in India \u2013 will expand Micron\u2019s global manufacturing base to meet future demand BOISE, Idaho, June 22, 2023 (GLOBE NEWSWIRE) — Micron Technology, Inc. (NASDAQ: MU), one of the world\u2019s largest semiconductor companies, today announced plans to build a new assembly and test facility in Gujarat, India. Micron\u2019s new facility will enable assembly and test manufacturing for both DRAM and NAND products and address demand from domestic and international markets. Phased construction of the new assembly and test facility in Gujarat is expected to begin in 2023. 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