Israel's Tower Semiconductor, Adani Group plan $10B chip facility in India [Seeking Alpha]
Micron Technology, Inc. (MU)
Last micron technology, inc. earnings: 3/25 04:01 pm
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The first phase of investment would be 587.63B Indian rupees (about $7B), while the second phase will see investment of 251.84B rupees (about $3B), according to a post on X by Devendra Fadnavis, deputy chief minister of Maharashtra. The plant would undertake analog and mixed signals semiconductor manufacturing. The facility is expected to have a production capacity of 40,000 wafers in the first phase, and 80,000 wafers in the second. The initiative is expected to generate over 5,000 jobs, Fadnavis noted. The project, which is under the group's Adani Enterprises, will be set up over three to five years, Bloomberg News reported , citing a person with knowledge of the matter. The chips made at the potential facility will be used in drones, cars, smartphones and other mobility solutions, the report added. Adani is following the footsteps of the Tata Group into India's budding semiconductor industry. Tata has collaborated with Taiwan's Powerchip Semiconductor Manufacturing for
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- Micron Technology, Inc. (NASDAQ: MU) had its price target lowered by analysts at Morgan Stanley from $140.00 to $100.00. They now have an "equal weight" rating on the stock.MarketBeat
MU
Earnings
- 6/26/24 - Beat
MU
Sec Filings
- 8/12/24 - Form 4
- 8/7/24 - Form 8-K
- 7/23/24 - Form 4
- MU's page on the SEC website