This is a $3-billion investment-not an insignificant -and an important product line as well. “Micron’s plan to set up assembly and test in India is a very big milestone because it signals to the world that our semiconductor ecosystem is coming of age.
Nonetheless, India’s slow progress towards becoming a chip hub has received a boost with firms like Micron reposing faith. In June, it committed to building a $33-billion chip manufacturing site in Germany, followed by $4.6 billion for an assembly and testing facility in Poland. However, one company is clearly not jumping at this opportunity: Intel. Meanwhile, even Tata group is seriously looking at semiconductor manufacturing, through its greenfield venture Tata Electronics. It has partnered with Tata Motors and Tejas Networks, and has acquired India’s Steradian Semiconductors. Renesas CEO Toshi Shiabata even met PM Modi in May.
The joint venture between Vedanta and Foxconn, for instance, which they claim has a credible technology partner in 40 nanometer node, has submitted its application again.īusiness Today has also learnt that Japan’s Renesas Semiconductor-a leader in microcontrollers, analogue, power and system-on-a-chip products-is keen on investing in India. However, sources at MeitY confirmed to Business Today that after the revision of the PLI scheme and reopening of applications, some well-established players are showing interest. The likes of TSMC, Samsung, and Intel are nowhere in sight. While there was some rejoicing, India is yet to receive a proposal from any of the leaders in this space for setting up silicon fabrication units. “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,” Sanjay Mehrotra, CEO of Micron Technology, had said when the deal was announced. More importantly, Micron will enable assembly and testing of both DRAM (dynamic random-access memory) and NAND flash memory products, which can practically go into every type of use case from mobiles to laptops, cars, data centres and more. What makes it special is the company involved: US-headquartered Micron Technology, which makes its own chips and packages, tests them, and directly sells to electronics product companies. This isn’t the first such application received under the scheme. To learn more about how and for what purposes Amazon uses personal information (such as Amazon Store order history), please visit our Privacy Notice.Exactly one year, five months, and 22 days after Prime Minister Narendra Modi’s Cabinet unveiled the production-linked incentive (PLI) scheme to boost the semiconductor ecosystem in India, news came of a company committing to build a $2.7-billion assembly and testing unit in Gujarat. You can change your choices at any time by visiting Cookie Preferences, as described in the Cookie Notice.
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