Micron Inaugurates India's First Chip Unit in Gujarat, Marking New Semiconductor Era
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India's Semiconductor Leap: PM Modi Inaugurates Micron's First Chip Unit in Gujarat
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CNBC Awaaz•01-03-2026, 14:19
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.