India, Feb. 28 -- US-based memory giant Micron Technology has inaugurated its semiconductor assembly and test facility in Sanand, Gujarat, marking a major milestone in India's push to build domestic chip manufacturing capabilities.

The facility, built with a combined investment of $2.75 Bn, converts DRAM (Dynamic Random Access Memory) and NAND wafers produced at Micron's global fabs into finished memory and storage products. Once fully ramped, the first phase will house more than 500,000 sq ft of cleanroom space. This site will serve customers worldwide to meet the growing global demand for memory and storage fueled by AI.

The inauguration ceremony was attended by Prime Minister Narendra Modi, Gujarat chief minister Bhupendra Patel, IT ...