Micron: Micron to start production by December 2024; Over 80,000 new jobs coming through India-US semiconductor deals

NEW DELHI: The government on Friday said that the first Made-in-India semiconductor chips are expected to be rolled out by December 2024, and hailed the investment by American Micron as a “significant and meaningful milestone” in the country’s journey to gain resilience in electronics manufacturing.

Communications Minister Ashwini Vaishnaw said up to five semiconductor plants are likely to be set up in the country within a year, and Micron’s $2.75 billion project will also bring around 200 smaller units as part of the ecosystem.

He said that land allocation, factory design work and tax compliance-related agreement for the Micron plant to be set up in Gujarat has been completed. “The first Made-in-India chip from Micron is expected to come out in about six quarters from now.”
Minister of State for IT & Electronics Rajeev Chandrasekhar said that following Prime Minister Narendra’s Modi’s visit to the US and his meetings with President Joe Biden, an estimated 80,000 new jobs are likely to be created after big-ticket announcements by players including Micron, Applied Materials, and Lam Research.

He said the announcements were a “significant and meaningful milestone” and “central piece” in the growth of the semiconductor ecosystem in India. “These three investment decisions will create a minimum of 80,000 jobs directly in my estimate and indirectly the numbers could be much higher. More than that, it will be a catalyst to the overall electronics and semiconductor ecosystem,” Chandrasekhar said.

Apart from Micron’s announcement, semiconductor equipment maker Applied Materials plans to invest $400 million over the next four years in India to build a collaborative engineering centre in Bengaluru. This will focus on the development and commercialisation of technologies for semiconductor manufacturing equipment.
Lam Research proposes to train 60,000 Indian engineers through its Semiverse Solution virtual fabrication platform to accelerate India’s semiconductor education and workforce development goals.
“The PM’s vision is to make India a central presence in the global semiconductor value chain. And India is slowly and surely, after 75 years of being totally absent from the semiconductor space, becoming a growing force in the semiconductor ecosystem… from design to talent, and packaging to research and soon-to-be in Fab,” he said.