Two more semiconductor plants soon after Micron, says Vaishnaw at Rising Bharat Summit

Union minister Ashwini Vaishnaw speaking at the Rising Bharat Summit 2026.

Union Minister of Electronics and IT Ashwini Vaishnaw said that following the inauguration of Micron Technology’s facility, more semiconductor plants are set to come up in the near future.

Prime Minister Narendra Modi will inaugurate Micron Technology’s state-of-the-art ATMP (Assembly, Testing, Marking and Packaging) facility in Sanand, Gujarat on Saturday.

Vaishnaw was speaking at the News18 Rising Bharat Summit 2026.  According to the him, the facility will manufacture high-bandwidth memory used in laptops, cameras and other devices.

"After Micron, two more plants will begin commercial production soon, while the fourth is expected to start by the end of the year," he said.

According to him, the entire talent shortfall in the semiconductor industry in the world will be met by India.”

Originally slated to begin operations by late 2024, the plant near Ahmedabad is now set to manufacture high-performance memory and storage chips catering to AI and advanced computing needs.

Micron Technology’s Indian arm has invested Rs 22,516 crore in the project, which is projected to create around 5,000 direct jobs. This includes employment opportunities for Divyang (specially-abled) individuals as operators and technicians. At present, nearly 2,000 team members are engaged in readying the facility for commercial production, according to an official statement from the Gujarat government.

Earlier, the minister had said India will create its own Intellectual Property (IP) in six critical systems, including compute, RF, networking, power, sensor, and memory, through the India Semiconductor Mission.

Speaking to the media on the progress of the national chip strategy, the minister had said that India is on track to become one of the most important semiconductor nations in the world by 2035.

"We will create India's own IP in 6 systems of compute, RF, networking, power, sensor and memory through India Semiconductor Mission...As we go into 2029, India will become a major player in the semiconductor industry...By 2035, India will be among the most important semiconductor nations in the world..." he had said.