Micron nears $1 billion investment in India chip packaging plant - Bloomberg News

Micron Technology Inc is close to committing at least $1 billion towards setting up a chip packaging factory in India, Bloomberg News reported on Friday.

An announcement could be made when Prime Minister Narendra Modi visits the U.S. next week, according to the report, citing people with knowledge of the matter, one of whom said that the money promised could also rise up to $2 billion.

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Micron to invest $603 million in factory in China's Xian over next few yearsBEIJING : Micron said on Friday it will invest 4.3 billion yuan ($602.77 million) in a Chinese factory in the city of Xian over the next few years.In a statement, the company said it has decided to aquire equipment belonging to Chinese chip company Powertech Technology based in Xian city.($1=7.1
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