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WASHINGTON: US chip giant Micron will invest $800 million in a chip factory in India, a US official said Thursday during a visit by Prime Minister Narendra Modi.
The assembly and testing factory, which will total $2.75 billion after Indian investment, will help “build a semiconductor ecosystem that promotes supply chain diversification,” the official told reporters, in a reference to US efforts to prevent China from dominating high-end technology.
The assembly and testing factory, which will total $2.75 billion after Indian investment, will help “build a semiconductor ecosystem that promotes supply chain diversification,” the official told reporters, in a reference to US efforts to prevent China from dominating high-end technology.
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