India's Semiconductor Industry Set for Major Growth with Investments and Job Opportunities by 2024.

The first Made-in-India semiconductor chips are expected to be rolled out by December 2024, with 4-5 semiconductor plants expected to be set up in the country within a year. Computer storage chip maker Micron will set up its semiconductor assembly and test plant in Gujarat, with a total investment of USD 2.75 billion, and the first Made-in-India chip from Micron is expected to come out in about six quarters from now. The plant is expected to create up to 5,000 new direct jobs and 15,000 community jobs over the next several years.