Micron Signs MoU With India to Build First Semiconductor Plant in Gujarat
US memory chip firm Micron Technology on Wednesday signed a memorandum of understanding with the Indian government to build a semiconductor plant, its first factory in the country.Micron said last week it will invest up to $825 million (nearly Rs. 6,850 crore) in the facility. With support from the Indian central government and the state of Gujarat, the total investment will be $2.75 billion (nearly Rs. 22,560 crore), it added.The facility will be constructed in Sanand, near the city of Ahmedabad in Gujarat.Of that total…