Micron Technology Inc, a global leader in semiconductors, will set up a facility in Hyderabad with an investment of over Rs 300 crore, it was announced here on Monday.
According to the Telangana government, the company would be leasing about 1.8 lakh square feet in Madhapur, the IT hub.
It will be ramping close to 1,000 engineering and IT professionals over the next few years. This will be Micron’s largest presence in India, said a statement from the office of state’s IT Minister K.T. Rama Rao.
Micron’s Senior Director, Asia Legal, Stephen Drake, and Director, Singapore Legal, Amrinder Sidhu, on Monday met Rama Rao and Principal Secretary, Jayesh Ranjan.
With a market cap of $51 Billion, Micron has a large presence in Singapore, Taiwan, Japan, China and Malaysia.
Micron is an industry leader in innovative memory and storage solutions. Through its global brands, its broad portfolio of high-performance memory and storage technologies, it is transforming how the world uses information to enrich life.
Micron’s memory and storage solutions enable disruptive trends, including artificial intelligence, machine learning, and autonomous vehicles, in key market segments like cloud, data centre, networking and mobile.