Micron to invest US$800 million in India chip factory
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US CHIP giant Micron will invest US$800 million in a chip factory in India, a US official said on Thursday (Jun 22) during a visit by Prime Minister Narendra Modi.
The assembly and testing factory, which will total US$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. AFP
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