Policy stability important for semiconductor industry to flourish: Micron

US chip giant Micron, which is investing up to $825 million in setting up a semiconductor chip assembly and testing plant in India, said that certainty of policy is crucial for this industry to flourish.

Manish Bhatia, executive vice-president (EVP), global operations, Micron, said policy stability is a huge driving factor for attracting companies to India and in creating an export market ecosystem.

“Certainty of policy is one of the advantages that India has over many other developing countries that are vying for some of these big manufacturing investments. This helps in creating an export-capable market not just for manufacturers, but others in the value chain also.