India's Semiconductor Leap: PM Modi Inaugurates Micron's First Chip Unit in Gujarat

• Prime Minister Narendra Modi inaugurated Micron Technology's first semiconductor assembly and test facility in Sanand, Gujarat.
• This unit marks a new era for India's technology sector, reducing dependence on foreign chips and boosting its role in the global supply chain.
• The facility will convert advanced semiconductor wafers into finished memory and storage products, with commercial production of "Made in India" modules already started.
• India's semiconductor market is projected to grow from $38 billion in 2023 to $45-50 billion in 2024-25, with a government target of $110 billion by 2030.
• Over 10 chip projects worth $18 billion are underway, and at least three more semiconductor projects are expected to begin production soon.