Micron awards L&T $2.75 billion contract for chip facility
after close1 source ↓written by the desknot a recommendation
- expansion
- $2.75 billion
Micron Technology has appointed Larsen & Toubro as the general contractor for the $2.75 billion expansion of its semiconductor assembly and test facility in Gujarat. This phase follows delays in the initial construction managed by Tata Projects, marking a significant shift in project management. The expansion aims to enhance Micron's manufacturing capacity in India.
The contract is expected to boost local employment and strengthen India's position in the semiconductor sector, potentially attracting further investments in technology and manufacturing.
Not investment advice. For informational purposes only.