Gujarat’s semiconductor landscape to get Rs 75,000 crore further push

After the $20 billion investment commitment by Vedanta-Foxconn, a joint venture between the Vedanta Group and Taiwanese chipmaker, Foxconn, the semiconductor landscape of Gujarat is set to grow bigger and better with yet another major investment push.

US-based data storage device manufacturer, Micron Technology, is in advance-level discussions with the state government to invest Rs 75,000 crore ($10 billion) here, according to top state government sources. The official announcement is expected in a few weeks, sources said.

“Allotment of at least three lakh square metre land parcel between Ahmedabad and Sanand is being finalised by the company. Talks with the state departments are underway,” according to a state government source privy to the development.