Termed as "non-volatile dynamic random access memory (NVDRAM)," this pioneering solution promises to revolutionize the computing landscape, offering a unique blend of non-volatility, high endurance, and near-DRAM performance.
The World Economic Forum reports that 34% of tertiary students in India are pursuing STEM fields, making the nation the single largest contributor to the world's STEM graduates. This presents a golden opportunity to tap into India's strong technology talent base.
The estimated total cost of setting up a Micron unit in India is $2.75 billion. The central government is subsidizing 50% of this cost, with the Gujarat state government providing an additional 20%.
Surprisingly, Micron's direct investment accounts for only 30% of the total capital, meaning Micron will have complete ownership of a plant valued at $2.75 billion despite investing only $0.825 billion.
