BUSINESS

Micron Approaches $1 Billion Investment in Chip Packaging Plant in India

Micron Technology Inc is on the verge of finalizing a significant investment of at least $1 billion to establish a chip packaging plant in India, as reported by Bloomberg News on Friday.

According to sources familiar with the matter, an official announcement may be made during Prime Minister Narendra Modi’s upcoming visit to the United States next week. The sources also mentioned that the committed investment amount could potentially increase to $2 billion.

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