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Company Updates
Micron Technology
18 days ago
Events
Micron’s efforts to build an engineering workforce that has better women 🙋representation of women starts with identifying potential candidates in universities to participate in our 𝙂𝙡𝙤𝙗𝙖𝙡 𝙒𝙤𝙢𝙚𝙣 𝙈𝙚𝙣𝙩𝙤𝙧𝙨𝙝𝙞𝙥 𝙋𝙧𝙤𝙜𝙧𝙖𝙢. This is a 6-week journey where young women with engineering talent are nurtured to take the next big step into the workforce.
Women mentors from across Micron’s functions participated to help the young students grow, make memories, build relationships and widen their horizons over the 6 weeks. The program culminated in a visit to the Micron Experience Center in Hyderabad where they learned about Micron’s legacy of innovation and our portfolio of products, and the end uses that they enable.
Micron Announces New Semiconductor Assembly and Test Facility in India
Micron Technology, Inc. (NASDAQ: MU), one of the world’s largest semiconductor companies, today announced plans to build a new assembly and test facility in Gujarat, India. Micron’s new facility will enable assembly and test manufacturing for both DRAM and NAND products and address demand from domestic and international markets.
Phased construction of the new assembly and test facility in Gujarat is expected to begin in 2023. Phase 1, which will include 500,000 square feet of planned cleanroom space, will start to become operational in late 2024, and Micron will ramp capacity gradually over time in line with global demand trends. Micron expects Phase 2 of the project, which would include construction of a facility similar in scale to Phase 1, to start towards the second half of the decade.
Micron’s investment will be up to $825 million over the two phases of the project and will create up to 5,000 new direct Micron jobs and 15,000 community jobs over the next several years. Under the government's “Modified Assembly, Testing, Marking and Packaging (ATMP) Scheme,” Micron will receive 50% fiscal support for the total project cost from the Indian central government and incentives representing 20% of the total project cost from the state of Gujarat. The combined investment by Micron and the two government entities over the course of both phases will be up to $2.75 billion.
