Micron to invest $800 million in India chip factory

WASHINGTON: US chip giant Micron will invest $800 million in a chip factory in India, a US official said Thursday during a visit by Prime Minister Narendra Modi.

The assembly and testing factory, which will total $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.


Stay ahead in business with The Times of India. Check out Financial Calculators like SIP, PPF, FD, NPS and Mutual Fund Calculators.