Micron Technology, US Chipmakers Receive Invitation from Narendra Modi to Boost Semiconductor Production In India
Portfolio Pulse from Shomik Sen Bhattacharjee
India's Prime Minister Narendra Modi has invited Micron Technology and Applied Materials to boost semiconductor production in India, emphasizing the country's competitive advantages in the supply chain. India is promoting semiconductor development through a production-linked incentive (PLI) scheme, aiming to become a top destination in Asia for electronics and semiconductors.
June 22, 2023 | 6:39 am
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Applied Materials has been invited by India's Prime Minister to aid in the development of process technology and advanced packaging capabilities in India, potentially expanding the company's global presence.
The invitation from India's Prime Minister to Applied Materials to aid in the development of process technology and advanced packaging capabilities in the country could lead to an expansion of the company's global presence. This could result in increased production capacity and market share, positively impacting the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Micron Technology has been invited by India's Prime Minister to ramp up semiconductor production in India, potentially expanding the company's global presence.
The invitation from India's Prime Minister to Micron Technology to increase semiconductor production in the country could lead to an expansion of the company's global presence. This could result in increased production capacity and market share, positively impacting the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80