Early this month, Foxconn had pulled out of a semiconductor joint venture with billionaire Anil Agarwal-promoted Vedanta. The Taiwanese electronics manufacturing giant said it was working to apply separately for setting up a semiconductor unit in India.
Under the Government of India’s Modified Semicon India Programme, a financial incentive of 50% of the project cost is available to companies or joint ventures for setting up of Semiconductor Fabs in India. Fiscal incentive of 50% of the project cost is available for setting up of Display Fabs of specified technologies.
Micron products are used in various applications, such as computers, servers, mobile devices, consumer electronics, automotive systems, industrial equipment, and networking devices.
The decision by General Electric (GE) to co-produce fighter jet engines with Hindustan Aeronautics through technology transfer is a big deal: Arun Kumar Garodia
Modi’s visit to the USA has led to a number of high-profile investment commitments. Micron said it will invest up to $825 million in its first DRAM and NAND assembly and test facility in India. Applied Materials pledged to invest $400 million over four years in a new engineering center.
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