The authorities has cleared US-based chip maker Micron’s venture to arrange a semiconductor check and packaging unit value USD 2.7 billion within the nation, in accordance to sources.
Photograph: Dado Ruvic/Reuters
The authorized venture is expected to create 5,000 jobs.
“The venture was cleared a couple of week again,” a supply mentioned, confirming particulars of the venture.
Micron specialises in pc reminiscence merchandise, flash drives and many others.
It will arrange an OSAT plant in India which is able to check and package deal its product to make it prepared to be used.
Micron’s OSAT (outsourced semiconductor meeting and check) proposal was cleared after the federal government modified the semiconductor programme and elevated the incentives.
In the primary section, the federal government had cleared 4 OSAT tasks which included proposals by Tata Group, Sahasra Semiconductors.
“Sahasra Semiconductors is the primary OSAT plant that’s expected to begin manufacturing quickly,” one other supply mentioned.
Queries despatched to the Ministry of Electronics and IT and Micron didn’t elicit any quick reply.