Last Updated on 25th June 2024
To hasten the development of Micron's Sanand semiconductor plant, the Union government and the state government of Gujarat signed a TRA (Trust and Retention Agreement) with Micron and ICICI. Micron will gain the required financial aid and support to operate the plant, as well as ensure the timely fulfillment of departmental procedures with the central and state governments.
Under this agreement, the Department of Science and Technology of the Gujarat Government, the India Semiconductor Mission of the Government of India, and ICICI Bank will provide all the necessary support for Micron to complete this project.
Micron Technology is constructing a $2.75 billion semiconductor assembly, testing, marking, and packaging (ATMP) facility in Sanand, Gujarat, India. This is a significant project for India's ambition to become a global hub for semiconductor manufacturing. Micron invested around USD 825 million for this project. The Trust Retention Agreement will give the project much-needed support to establish the factory. Furthermore, the factory will cover an area of 93 acres.
Micron started its construction by signing a contract with the Gujarat government in June, and the groundbreaking ceremony was held in September. The first phase will start its commercial operations by late 2024. The plant will mainly focus on transforming wafers into integrated circuit packages, memory modules, and solid-state drives.
Micron Technology, Inc. is an American multinational semiconductor manufacturer headquartered in Boise, Idaho, United States. It is one of the world's leading producers of computer memory and computer data storage, including dynamic random-access memory (DRAM), flash memory, and USB flash drives. It is also a major supplier of NAND flash memory for solid-state drives (SSDs).
Are you looking for a platform that gives you reliable, high-quality, and timely project insights for Semiconductor Manufacturing Projects in India?
Discover the Global Project Tracking (GPT) platform by Blackridge Research, designed to provide you with the most recent India Semiconductor Fabrication Plant Projects and Tenders better and faster across various stages of development:
The user-friendly interface helps you obtain early-stage awareness of projects and find the right business opportunity quickly.
Each project will have all the essential details, such as scope, capacity, CapEx, status, project description, companies involved, funding information, location, periodic updates, important event dates like construction start date, commissioning dates, and key contact information of project owners and stakeholders.
The database is a vital resource for a wide range of entities, including semiconductor manufacturers, EPC Companies, silicon material suppliers, data analytics and software providers, consulting and advisory firms, investors, multilateral banks and financial institutions, and law firms.
Book a Free demo to learn more about the India Semiconductor Fab Projects and Tenders database and how we can help you achieve your goals.