India has taken the first step towards Atmanirbharta (autonomy) in memory chipswhich accounts for a third of the ₹3 crore of chips imported into the country, Union Electronics and Information Technology Minister Ashwini Vaishnaw said after the signing of the MoU between the government of Gujarat and the American leader in chips. Micron Technology Inc. for a semiconductor factory in Sanand.
Company to invest $2.7 billion (~₹22,516 crore) for ATMP semiconductor (Assembly, Testing, Marking and Packaging) for 20,000 direct and indirect jobs.
The Gujarat Industrial Development Corporation (GIDC) has developed over 45,000 hectares of land for industrial use with plug-and-play facilities. Micron will install its ATMP facility at Sanand GIDC-II.
On Wednesday, GIDC delivered the letter of offer-cum-award (OCA) to Micron for the allotment of 93 acres of acreage in the Sanand GIDC estate. Micron will focus on transforming wafers into ball grid array (BGA) IC packages, memory modules and solid-state drives.
“Today, India imports chips worth ₹3,000,000,000, of which almost ₹000,000,000 are memory chips, which are manufactured by Micron and a few others. The story that was created today with this Memorandum of Understanding is a big step forward in ensuring the Atmanirbharta in memory chips,” Vaishnaw said at a rally in Gandhinagar.
Vaishnaw further stated that unlike many developed countries which have committed huge sums to develop the semiconductor industry, India’s policy commitment of $10 billion will always help to make the semiconductor program successful. drivers.
“Globally, the semiconductor industry is growing at a rapid pace, growing from $650 billion today to around $1 trillion in the next six to seven years.s. Other countries are capable of investing money and resources to develop a semiconductor ecosystem,” Vaishnaw said. “The United States has deployed some $54 billion, Europe has deployed $48 billion, and China has about $140 billion in this industry. We will still succeed because we are committed to developing 80,000 engineers and this commitment comes from the policy itself.
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Apart from talent, massive investments in green energy and relatively lower manufacturing costs will be India’s main advantages.
Micron’s investment was announced by US President Joe Biden last week during US Prime Minister Narendra Modi’s visit. “It is remarkable speed and timeliness from the Government of Gujarat to secure all required clearances and land allocation for the project within one week,” Vaishnaw said.
Praising the state administration for its business friendliness, Gursharan Singh, Senior Vice President of Micron Technology, said, “This conclusion (of the project brief) was achieved in 5 months versus what it takes several years In other countries. This is a critical milestone for Micron and a giant leap forward for India’s semiconductor initiatives. With this project, we are positioning India as a global semiconductor powerhouse,” Singh said.
Gujarat is the first state to have a dedicated policy – Gujarat Semiconductor Policy (2022-27) for the sector. In addition, the Gujarat State Electronics Dedicated Mission (GSEM) under the Department of Science and Technology will help and attract global investors.
Chief Minister Bhupendra Patel expressed his confidence in the project making Gujarat a hub for semiconductor manufacturing in India. “Gujarat will become the first state in India to manufacture memory chips and it will fill the global shortage situation,” he said.
