[ad_1] The government will break ground next month on its first semiconductor assembly plant and begin producing its first domestically manufactured microchips by the end of 2024, the Financial Times reported on Wednesday. IT minister, Ashwini Vaishnaw, said Micron Technology would start construction in August on a $2.75 billion chip assembly and test facility in … Read more
[ad_1] Union Minister Ashwini Vaishnaw on Monday said current Central Government has succeeded in attracting investments in emerging technology, and stated that India is the next important location for semiconductor manufacturers. Congress has attempted to do so since the 1980s but was not successful. During Prime Minister Narendra Modi’s State visit to the US last week, Micron Technology announced a massive India-specific investment plan. On Thursday, hours after PM Modi met Micron CEO Sanjay Mehrotra … Read more
[ad_1] India’s cabinet has approved US chipmaker Micron Technology’s $2.7 billion (roughly Rs. 22,159 crore) plan for a new semiconductor testing and packaging unit, a senior government source said on Tuesday ahead of Prime Minister Narendra Modi’s state visit to the US. The government agreed production-linked incentives worth Rs. 110 billion ($1.34 billion) for the … Read more
[ad_1] US-based Micron Technology on Monday forecast a hit to revenue in the low-single to high-single digit percentage after a ban by China on sale of its memory chips to key domestic industries marked the latest in the Sino-American trade spat. China’s cyberspace regulator said late on Sunday that Micron, the biggest US memory chipmaker, … Read more
