BENGALURU -- U.S. chipmaker Micron on Thursday said it will invest $825 million in India to build a semiconductor assembly and testing plant, boosting New Delhi's slow-starting campaign to make the country a chipmaking hub.
Micron, whose products recently were banned in China on security grounds, said the project will cost $2.75 billion, with the central government bearing half of the cost through production-linked incentives and the western state of Gujarat, where the manufacturing unit will be built, paying another 20%.
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