September 17, 2018
The plant will be spread over 180,000 sq ft and will raise Micron’s local employee base to around 1,000 in the years following the launch, leading to considerable rise in capacity
Micron will partner with the Telangana Academy for Skills and Knowledge for their recruitment needs, and work with Hyderabad-based tech incubators, T-Hub and and T-Work
Indian Electronic System Design and Manufacturing (ESDM) market is expected to grow from US$76 billion in 2013 to US$400 billion by 2020, driven by domestic and export demand
Domestic startups and global players are tapping into demand from mobile phone, television, set-top box (STB), LED lighting, automotive electronics and renewable energy sector
Micron Technology, an USA-based manufacturer of semiconductor devices, plans to invest more than US$41 million to build a new production plant in Hyderabad, according to media reports on September 17, citing a statement by the state government of Telangana. The new plant will be spread over 180,000 sq ft and will increase Micron’s local employee base to around 1,000 in the years following the launch. The statement read that Micron will also partner with the Telangana Academy for Skills and Knowledge for their recruitment needs, and work with Hyderabad-based tech incubators, T-Hub and and T-Works.
Micron’s products include dynamic random-access memory, flash memory, and solid-state drives. The company, with presence in Singapore, Taiwan, Japan, China and Malaysia, has been seeking to expand its presence in India. The Hyderabad plant will become Micron’s biggest in the country. India’s growing market for semiconductors and rising capacity in technologies such as artificial intelligence (AI), machine learning (ML), Internet of Things (IoT) have attracted semiconductor companies. India’s semiconductor design market is projected to reach US$52.6 billion in the next two years rom US$14.5 billion in 2015.
Investor confidence has been driven by India’s indigenous capabilities. The Indian Institute of Technology Hyderabad’s Fabless Chip Design Incubator (FabCI) has come as the first of its kind in India for grooming startups in chip design. Similarly, the Centre of Excellence in Nanoelectronics (CEN) at the Indian Institute of Science, Bangalore, and the Indian Institute of Technology, Bombay, are helping in developing India a global semiconductor hub, with increasing expertise in fabless IP or system on chip (SoC) design space. The sector has also been driven by the Government’s ‘Digital India’ and ‘Make in India’ programmes.
Micron’s latest investment in India comes amid strong growth in the Indian semiconductor space. A growing number of domestic startups as well as global players are coming together to tap into demand from the mobile phone, television, set-top box (STB), LED lighting, automotive electronics and renewable energy sectors. According to the Indian Electronics and Semiconductor Association, the Indian Electronic System Design and Manufacturing (ESDM) market is expected to grow from US$76 billion in 2013 to US$400 billion by 2020, thus offering strong strong growth in both domestic as well as export demand.