Micron to Invest $3 Billion in India for Semiconductor Manufacturing
Micron, a leading technology company, is set to invest $3 billion in India to establish an Outsourced Semiconductor Assembly and Test (OSAT) unit with at least four assembly lines. This will be the first such approval by the Central Government for an OSAT unit, which is also known as Assembly Testing Marking and Packaging unit. The investment will help in manufacturing silicon chips and will create job opportunities in the country.
Key Highlights:
– Micron is set to invest $3 billion in India to establish an OSAT unit with at least four assembly lines.
– The OSAT unit is an essential link in the semiconductor manufacturing chain as it does the essential work of testing and packaging of silicon chips.
– The approval for this investment will mark the first such approval by the Central Government for an OSAT unit.
– There have been several rounds of discussions between Micron’s board of directors and government officials regarding this investment.
– The deadline for accepting proposals in the ATMP/OSAT category is expiring in December 2024.
This investment by Micron will help in manufacturing silicon chips in India and will create job opportunities in the country. The OSAT unit is an essential link in the semiconductor manufacturing chain as it does the essential work of testing and packaging of silicon chips. The approval for this investment will mark the first such approval by the Central Government for an OSAT unit. There have been several rounds of discussions between Micron’s board of directors and government officials regarding this investment. The deadline for accepting proposals in the ATMP/OSAT category is expiring in December 2024.
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