Micron Technology
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Micron Technology has announced plans to invest up to $825 million in a new semiconductor assembly and test facility in Gujarat, India. The factory will be built in Sanand, near Ahmedabad in Gujarat.
The investment is part of the Indian government's efforts to strengthen the country's semiconductor manufacturing capabilities. The government has offered Micron a number of incentives, including 50% fiscal support of the total project cost and incentives representing 20% of the total project cost from the state of Gujarat.
The new factory is expected to create up to 5,000 new direct jobs at Micron and 15,000 jobs in the community over the next few years. Operations are scheduled to begin in 2025.
...That doesn't look bad. Having the government of India on your side is nice.
I have the same approach as Matthias. It's definitely an interesting stock, but I probably don't need it in my portfolio.