Home Tech Micron to build $2.7 billion chip packaging and testing plant in India

Micron to build $2.7 billion chip packaging and testing plant in India

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Micron to build $2.7 billion chip packaging and testing plant in India

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Micron to build $2.7 billion chip packaging and testing plant in India

India has allowed Micron Technology to build a plant in the country where chips will be tested and packaged. The construction plan was approved by the Cabinet of Ministers.

What is known

The permission to build a plant in the country became known against the backdrop of the upcoming visit of Indian Prime Minister Narendra Modi to the United States. The project will cost $2.7 billion, but India will provide $1.34 billion in subsidies.

Namely, the unprecedentedly large amount of benefits became the reason for the need to approve the project by the Cabinet of Ministers. The American company Micron does not comment on the information.

The construction of the Micron plant in India is expected to be officially announced following a meeting between Narendra Modi and US President Joe Biden. The visit of the Indian Prime Minister to Washington is scheduled for June 22.

Source: Reuters



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