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US Micron to invest $800 mn in India chip factory

June 22, 2023 / 8:24 PM
Image for the title: US Micron to invest $800 mn in India chip factory
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India’s PM Narendra Modi shakes hands with Micron Technology CEO Sanjay Mehrotra in Virginia
Sharjah 24 – AFP: US chip giant Micron will invest $800 million in a chip factory in India, a US official said Thursday during a visit by Prime Minister Narendra Modi.
The assembly and testing factory, which will total $2.75 billion after Indian investment, will help "build a semiconductor ecosystem that promotes supply chain diversification," the official told reporters, in a reference to US efforts to prevent China from dominating high-end technology.
 
June 22, 2023 / 8:24 PM

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