Author: tanisha.lakhani

Government approves Rs 22,000 cr Micron’s chip project  - Asiana Times

The Indian cabinet has given its approval to a $2.7 billion contract with Micron Technology (MU.O) for a new semiconductor testing and packaging facility, in advance of Prime Minister Modi’s trip to the United States. 110 billion rupees ($1.34 billion) in production-related incentives have been approved by the government for the project. After the government changed the semiconductor programme and enhanced the incentives, the Micron OSAT (outsourced semiconductor assembly and test) proposal was approved. However, demands for response were not answered by a representative for Micron or the Indian government, including the ministry of technology. The first phase saw the…

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