MICRON TECHNOLOGY IS close to an agreement to commit at least $1 billion toward setting up a semiconductor packaging factory in India, according to people with knowledge of the matter, a move to further diversify its geographic footprint at a time of US tensions with China.
An announcement could be made as soon as when Prime Minister Narendra Modi visits the US next week, said the people, who asked not to be identified because the details are private. The amount of money committed could go as high as $2 billion, one of the people said. The details could change as discussions are in progress, and there's no guarantee an agreement will be finalised.
This story is from the June 17, 2023 edition of Financial Express Mumbai.
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This story is from the June 17, 2023 edition of Financial Express Mumbai.
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