Micron Technology has committed to expanding its operations in India, joining other U.S. chipmakers like Nvidia and AMD in pledging increased presence in the country. This development aligns with India's national ambition to establish its first domestic chip fabrication within the next two years, targeting a delivery by 2026-2027.
India's Commerce Minister Piyush Goyal confirmed regular communication with Micron's CEO, noting that the company is making good progress on its expansion plans. This strategic move by Micron is expected to contribute to India's burgeoning semiconductor ecosystem and diversify global supply chains.
The expansion signifies Micron's long-term strategic planning to tap into new markets and manufacturing capabilities, potentially enhancing its global operational resilience. While specific investment figures for India were not disclosed in this report, the commitment underscores a significant geographical expansion for the company.
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