On Friday, Micron pledged to invest $600 million more in its Chinese plant to create jobs and support the local market. Also read: Micron Technology leases 10.4 lakh square feet office space in HyderabadIndia’s Technology Ministry and Ministry of External Affairs didn’t respond to requests for comment, while a representative for Micron declined to comment. Micron, the largest American memory chipmaker, also secured financial support for a $3.6 billion next-generation plant it aims to establish in Japan. Modi has pledged $10 billion to woo chipmakers to India, promising his administration will bear half the cost of setting up all semiconductor sites. A media outlet had previously reported Micron was set to get the Centre’s approval for a $1 billion assembly and packaging facility in India.

Source: The Hindu June 16, 2023 15:32 UTC