A smartphone with a displayed Micron brand is positioned on a pc motherboard in this illustration taken March 6, 2023.
| Photo Credit: Reuters
American chipmaker, Micron Technology, is in the method of deciding whether or not to make a $1 Bn-$2 Bn investment in a chip packaging plant in India, a source aware of the discussions advised The Hindu. A last choice has not but been made, the source emphasised, but when the corporate determined to go forward then an announcement might be made throughout Prime Minister Narendra Modi’s go to to Washington DC subsequent week.
The state go to is closely centered on defence and superior expertise with two defence offers more likely to be concluded — one, for 31 MQ-9 B Predator drones from General Atomic and the opposite, for the co-production of General Electric’s 414 jet engines in India with Hindustan Aeronautics Limited (HAL). The potential tech offers are based mostly on a brand new bilateral platform launched earlier this 12 months — the Initiative on Critical and Emerging Technologies (ICET), headed by the 2 international locations’ nationwide safety advisers, Ajit Doval and Jake Sullivan. Commerce Minister Piyush Goyal and U.S. Commerce Secretary Gina Raimondo had, in March, signed an MoU in New Delhi to determine a ‘Semiconductor Supply Chain and Innovation Partnership’. Simultaneously, the U.S. has been working with allies to place the breaks on China’s entry to innovative semiconductor expertise, with producers in search of different alternatives in international locations comparable to India.
As information of this potential Micron investment in India broke, the corporate additionally introduced its “unwavering commitment” to China, as per a Reuters report, with a $603 million investment in its chip packaging plant in Xian. The Chinese authorities had, on May 21, mentioned they’d cease Chinese infrastructure firms from buying from Micron, after the corporate failed a community safety evaluation.
The Hindu has reached out to Micron Technology for remark.
