Micron Technology, a US-based provider of data storage solutions, is looking to establish a facility in India to produce computing memory modules.

In light of India's efforts to jump-start the semiconductor and related sectors, the Boise, Idaho-based technology company has visited two states to choose the final location of the new plant.

The packaging industry may also help the nation become a significant hub in the global semiconductor supply chain, which includes products like high-end smartphones and autos.

Micron keeps looking for ways to expand its global manufacturing presence.

The company would continue to communicate often on a variety of subjects with international partners, trade associations, and government authorities.

In a post-pandemic supply chain reorganization that shifts manufacturing away from China, Micron joins a burgeoning group of multinational corporations trying to diversify their Southeast Asian footprint.

The company manages numerous operations across numerous sites, ranging from system development to design. Taiwan, China, and India are some of its other main R&D hubs.

According to Micron's 2021 annual report, a sizable amount of its operations are carried out in Taiwan, Singapore, Japan, Malaysia, China, and India. A large number of its clients, suppliers, and vendors are also based abroad.

The stability of the supply chain may also be threatened by geopolitical threats involving Taiwan and China, according to Micron.

Sanjay Mehrotra, the chief executive of Micron who is of Indian descent, actually co-founded SanDisk, the business that contributed to the acceptance of flash memory storage devices.

A distinct incentive area has been developed for packaging as part of the government's $10 billion incentive program to boost the semiconductor supply chain, which was unveiled last year.

According to this, central incentives for approved units would cover 30 percent of capital expenditures; the Center anticipates over 15 approvals for compound semiconductors and semiconductor packaging.

After a severe shortage following the pandemic had a negative influence on the production of cars, gadgets, and other commodities, Micron fought for the passage of the $52 billion Chips Act in the United States. This subsidy was designed to improve funding for semiconductor companies.

The Chips Act is being aggressively pushed by a number of businesses, including Micron, who claim that a delay could drive manufacturers to other regions, such as Southeast Asian nations.