Micron Know-how Chief Sanjay Mehrotra known as on Prime Minister Narendra Modi on Friday and mentioned plans to bolster the semiconductor manufacturing ecosystem inside India. The Micron Know-how Chief met the Prime Minister in Gujarat’s Gandhinagar.
He’s in India to attend the three-day ‘SemiconIndia 2023’ convention, which kicked off right here on Friday.
The convention, its second version, organised by India Semiconductor Mission in partnership with business and business associations, is aimed to make India a world hub for semiconductor design, manufacturing and expertise improvement. SemiconIndia was held in Bengaluru final 12 months.
The theme of the Convention is ‘Catalysing India’s Semiconductor Ecosystem’.
Relating to the assembly between the Micron Know-how CEO and PM Modi, the Prime Minister’s Workplace tweeted, “Mr. Sanjay Mehrotra, President and CEO of @MicronTech, met PM @narendramodi in Gandhinagar. They mentioned Micron Know-how’s plans to bolster the semiconductor manufacturing ecosystem inside India.”
It’s not the primary time that PM Modi has met the Micron CEO. Earlier in June, when PM Modi visited the US, the 2 had a superb assembly.
“I had a superb assembly with PM Modi. I’m very impressed with the imaginative and prescient that he has for India and the advances that India is making. We mentioned a variety of matters and we actually stay up for higher alternatives in India,” Mehrotra stated at the moment.
Micron Know-how, throughout PM Modi’s US go to final month, introduced its India funding plans. Micron Know-how dedicated that it’s going to make investments as much as $825 million (roughly Rs. 6,800 crore) to construct a brand new semiconductor meeting and check facility in India with help from the Indian authorities.
Micron had stated it chosen Gujarat’s SANAND Industrial Park (Gujarat Industrial Growth Company – GIDC) as a result of its manufacturing infrastructure, conducive enterprise atmosphere and agency expertise pipeline.
In the meantime, India and the US have signed a Memorandum of Understanding (MoU) not too long ago on establishing the Semiconductor Provide chain in the course of the India-USA fifth Business Dialogue 2023, which may help India notice its long-nurtured dream of turning into a hub for digital items.
The MoU seeks to determine a collaborative mechanism between the 2 governments on semiconductor provide chain resiliency and diversification in view of the US’s CHIPS and Science Act and India’s Semiconductor Mission.
The US and China are giants in chip manufacturing. So, this pact with the US to strengthen cooperation within the semiconductor sector to facilitate business alternatives and the event of innovation ecosystems is probably going to assist India immensely.
It may possibly assist India align right into a extra central position within the international electronics provide chain. The crunch in semiconductors provide started throughout COVID-19 and went on to accentuate in 2021.
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