"We estimate that our project here in Gujarat will create nearly 5,000 direct jobs plus an additional 15,000 jobs in the community over the coming years," said Sanjay Mehrotra, President and CEO of Micron Technology
The semiconductor imports surged 65.2 per cent in 2021-22 and the market is expected to grow to $63 billion by 2026, compared to $20 billion in 2020
The agreement was signed between Union Minister for Electronics and IT Ashwini Vaishnaw and Japan's Minister of Economy, Trade and Industry Yasutoshi Nishimura in the national capital on Thursday
The United States has tightened export controls regarding China with an aim to restrict the export of not just semiconductors to China but to also restrict the manufacturing process itself.
