Micron Technology, based in the United States, announced on July 28 that it is planning to build India's first chip facility in Gujarat, which will create 5,000 direct and 15,000 indirect jobs in the coming years.

"We estimate that our project here in Gujarat will create nearly 5,000 direct jobs, plus an additional 15,000 jobs in the community over the coming years," said Sanjay Mehrotra, President and CEO of Micron Technology.

Mehrotra stated at the SemiconIndia 2023 event in Gandhinagar that the investment is expected to catalyse other investments, improve manufacturing, and create jobs in the semiconductor industry.

He stated that the new facility will complement Micron's existing teams in Bengaluru and Hyderabad, and that "together, we are building the future of technology manufacturing for the world."