The company spokesperson said that the new project would create 5000 employment and would sustain 15,000 jobs in the coming years
Of late, when Prime Minister Narendra Modi visited the US, a huge development has been witnessed in India’s semiconductor industry. The US based global semiconductor manufacturer Micron Technology has finally agreed to set up its new unit in the state of Gujarat with an investment of around $2.7 billion. Therefore, experts have opined that this new plant is likely to reduce the prices of mobiles and laptops in the nation.
Upon his visit in the US, PM Modi has met with Sanjay Mehrotra, the CEO of Micron and assured him to offer all kinds of assistance to begin the operations in India. For setting up the plant, Micron is anticipated to spend around Rs 82.5 crores, while rest of the project costs will be borne by the government, both central and state. The point to be noted is that in two phases the new unit will be constructed and is likely to begin by the end of this year.
The company spokesperson said that the new project would create 5000 employment and would sustain 15,000 jobs in the coming years. Under the government's “Modified Assembly, Testing, Marking and Packaging (ATMP) Scheme”, the company’s new initiative has been approved. When compared to semiconductor designing and manufacturing, the assembly, packaging & testing is below the semiconductor value chain because there is not much capital required and also does not need a huge volume of highly skilled workforce.
But, the process is highly technical and is gaining a huge traction all over the world. With a 38 percent share, China is still leading this segment, which is then followed by Taiwan 27 percent, Japan and South Korea 16 percent. Nowadays, the advancements in the performance of chipsets depends on the backend of production that includes packaging.
Mehrotra described the meeting with PM Modi as ‘extremely positive’ or ‘highly productive’. He said, “I had an excellent meeting with PM Modi. I am very impressed with the vision that he has for India and the advances that India is making. We discussed a wide range of topics and we really look forward to greater opportunities in India."
