(Reuters) – India will break ground next month on its first semiconductor assembly plant and begin producing its first domestically manufactured microchips by the end of 2024, the Financial Times reported on Wednesday.
India’s information technology minister, Ashwini Vaishnaw, said Micron Technology would start construction in August on a $2.75 billion chip assembly and test facility in Gujarat, the newspaper reported.
(Reporting by Chandni Shah in Bengaluru; Editing by Tom Hogue)