India's cabinet has approved U.S. chipmaker Micron Technology's $2.7 billion plan for a new semiconductor testing and packaging unit, a senior government source said on Tuesday ahead of Prime Minister Narendra Modi's state visit to the U.S.
Micron Technology's plans come as the White House presses U.S. chip companies to invest in India with talks ongoing about possible further investments, U.S. administration officials told Reuters.
A senior Biden administration official said the White House was "encouraged" by the number of U.S. firms considering India investments.a security review and barred operators of key domestic infrastructure from purchasing products from the United State's biggest memory chipmaker, angering the Biden administration. The U.S. Commerce Department declined to comment.
Such units test and pack semiconductor chips, but do not manufacture them. Micron could procure and package chip for clients at the plant, or other companies could send their chips for testing before shipping.
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