AHMEDABAD (Reuters) – U.S. memory chip firm Micron Technology on Wednesday signed a memorandum of understanding with the Indian government to build a semiconductor plant, its first factory in the country.
Micron said last week it will invest up to $825 million in the facility. With support from the Indian central government and the state of Gujarat, the total investment will be $2.75 billion, it added.
The facility will be constructed in Sanand, near the city of Ahmedabad in Gujarat.
(Reporting by Sumit Khanna; Writing by Tanvi Mehta; Editing by Jan Harvey)
