Vibrant Gujarat Summit: Micron To Set Up Semiconductor Plant, Will Create 5,000 Direct Jobs

Micron CEO Sanjay Mehrotra said the factory will create an additional 15,000 indirect jobs.

Mehrotra said, "PM Modi's vision to make India a global hub for semiconductors will be a huge economic driver for India's future."

Source : X/ANI

During his address at the Vibrant Gujarat Summit 2024, Sanjay Mehrotra, the CEO of Micron Technology, shed light on the tremendous opportunities awaiting India in the field of semiconductors. The three-day-long summit aims to deliver forward-thinking ideas crucial for India's emergence as a formidable semiconductor hub. Micron, a technological innovator at the core of computing systems for four decades, stands as a leading force in the realm of memory chips. The company, in collaboration with Tata, has initiated the phased construction of a cutting-edge semiconductor facility, marking a notable stride in India's technological landscape.

The upcoming Micron facility, spanning 500,000 square feet of clean room space, is projected to be operational by early 2025. This strategic move is expected to generate a significant impact, with Micron planning to create 5,000 direct job opportunities and an additional 15,000 indirect jobs.

#WATCH | CEO of Micron Technology, Sanjay Mehrotra says, "PM Modi's vision to make India a global hub for semiconductors will be a huge economic driver for India's future as India marches towards becoming the third largest global economy. There is a tremendous opportunity ahead… pic.twitter.com/VDjpQybVS1

— ANI (@ANI) January 10, 2024

The total investment earmarked for Micron's semiconductor unit is estimated to reach approximately $2.75 billion, signalling a substantial commitment to bolstering India's semiconductor capabilities. The developments unveiled at the Vibrant Gujarat Summit underline the nation's potential to become a key player in the global semiconductor arena.

At the summit, Reliance chief Mukesh Ambani unveiled Gujarat's attainment of complete 5G enablement, marking a significant technological achievement surpassing benchmarks set by various nations worldwide. This state-of-the-art connectivity is poised to catalyse substantial progress across diverse industries. Ambani underscored the transformative influence of 5G-enabled artificial intelligence (AI) on the employment landscape. The incorporation of 5G technology is projected to generate millions of innovative job opportunities, fostering a vibrant economic environment.

Moreover, the intersection of 5G and AI is on the brink of transforming crucial sectors such as healthcare, education, and agriculture. The summit underscored the potential rise of AI-driven professionals in domains like medicine, education, and farming, signalling a noteworthy shift from conventional methodologies.