India’s Prime Minister Narendra Modi shakes hands with Micron Technology CEO Sanjay Mehrotra during a visit to the National Science Foundation in Alexandria, Virginia, on June 21, 2023. Photo: AFP
WASHINGTON: US chip giant Micron will invest $800 million in a chip factory in India, a US official said Thursday during a visit by Prime Minister Narendra Modi.
The assembly and testing factory, which will total $2.75 billion after Indian investment, will help “build a semiconductor ecosystem that promotes supply chain diversification,” the official told reporters, in a reference to US efforts to prevent China from dominating high-end technology.
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