Micron Govt Discusses Plans to Bolster Chip Manufacturing in India With PM Modi

Micron Expertise Chief Sanjay Mehrotra referred to as on Prime Minister Narendra Modi on Friday and mentioned plans to bolster the semiconductor manufacturing ecosystem inside India. The Micron Expertise 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 worldwide hub for semiconductor design, manufacturing and know-how growth. SemiconIndia was held in Bengaluru final yr.

The theme of the Convention is ‘Catalysing India’s Semiconductor Ecosystem’.

Concerning the assembly between the Micron Expertise 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 Expertise’s plans to bolster the semiconductor manufacturing ecosystem inside India.”

It isn’t the primary time that PM Modi has met the Micron CEO. Earlier in June, when PM Modi visited the US, the 2 had a wonderful assembly.

“I had a wonderful 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 look ahead to larger alternatives in India,” Mehrotra stated at the moment.

Micron Expertise, throughout PM Modi’s US go to final month, introduced its India funding plans. Micron Expertise 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 take a look at facility in India with assist from the Indian authorities.

Micron had stated it chosen Gujarat’s SANAND Industrial Park (Gujarat Industrial Improvement Company – GIDC) on account of its manufacturing infrastructure, conducive enterprise surroundings and agency expertise pipeline.

In the meantime, India and the US have signed a Memorandum of Understanding (MoU) just lately on establishing the Semiconductor Provide chain through the India-USA fifth Industrial Dialogue 2023, which will help India notice its long-nurtured dream of turning into a hub for digital items.

The MoU seeks to ascertain 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 will possibly assist India align right into a extra central function within the world electronics provide chain. The crunch in semiconductors provide started throughout COVID-19 and went on to accentuate in 2021.

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(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)

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