Skip to main content

Micron to Start Plant Construction in August Domestic Microchip Production to Begin by 2024-End: Report

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 Gujarat, the newspaper reported.

Last month, Micron signed a memorandum of understanding with the government to build a semiconductor plant, its first factory in the country.

Micron said last week it will invest up to $825 million (roughly Rs. 6,760 crore) in the facility. With support from the Indian central government and the state of Gujarat, the total investment will be $2.75 billion, it added. The facility will be constructed in Sanand, near the city of Ahmedabad in Gujarat.

Micron said construction of the new facility in Gujarat is expected to begin in 2023 and the first phase of the project will be operational in late 2024. A second phase of the project is expected to start toward the second half of the decade, it said. The two phases together will create up to 5,000 new direct Micron jobs.

Micron Technology's plans come as the White House presses US chip companies to invest in India with talks ongoing about possible further investments, US administration officials told Reuters last month.

US President Joe Biden wants domestic companies to decrease the risks of doing business in China while better integrating the US economy with that of the world's largest democracy, one US official said.

© Thomson Reuters 2023 

From the Nothing Phone 2 to the Motorola Razr 40 Ultra, several new smartphones are expected to make their debut in July. We discuss all of the most exciting smartphones coming this month and more on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.


from Gadgets 360 https://ift.tt/en0pgjo
Labels:

Comments

Post a Comment

Popular posts from this blog

OnePlus Buds 3 Leaked Renders Reveal Specifications, Could Offer Battery Life of Up to 9 Hours

OnePlus Buds Pro 2 TWS earphones were launched in India in February this year at the company's Cloud 11 event. The Chinese electronics company is now working on OnePlus Buds 3, and the renders of the purported earphones have been leaked online. They reveal the specifications of the audio wearable, and also tease their design. To recall, OnePlus Buds Pro 2 earphones debuted alongside OnePlus 11 . The device is priced at Rs. 11,999 in India and is available for purchase in Arbor Green and Obsidian Black colour options.  In a recent report , MySmartPrice (in collaboration with OnLeaks) have revealed the renders of the OnePlus Buds 3, based on the testing stage phase. The wearable is shown to carry a similar design as the Buds Pro 2, except the metallic finish.  The upcoming wearable is reported to get 48dB Active Noise Cancellation (ANC) support. It can be connected using Bluetooth 5.3 or Google Fast pair, according to the report. The OnePlus Buds...
Post a Comment
Read more

Xiaomi Offers Free Xiaomi 12 Pro Upgrade to Mi 11 Ultra Users Facing Wi-Fi Issues

Xiaomi is offering a free upgrade to a Xiaomi 12 Pro for Mi 11 Ultra users who are facing Wi-Fi issues. These users also have the option to further upgrade to the company's latest Xiaomi 13 Pro by paying an extra fee of Rs. 30,000. Just recently, the company extended the warranty of the Mi 11 Ultra alongside other smartphones by two years, after users complained of camera and motherboard issues. The current offer — including the free upgrade and the paid one, is extended to the Mi 11 Ultra users who are having trouble with Wi-Fi on their handsets. The Xiaomi India President Muralikrishnan B announced the offers in a video message via Twitter. He added that the  Mi 11 Ultra users who had previously paid and upgraded their handsets to the Xiaomi 12 Pro will be offered a full refund. They will need to contact the company online or through the nearest Xiaomi service centre. Notably, this refund is only applicable to users who upgraded their handsets due to Wi-Fi issues....
Post a Comment
Read more