Micron Begins Commercial Shipments From $2.75 Billion India Investment
The Sanand facility is producing memory and storage products from DRAM and NAND wafers made elsewhere in Micron’s global network.
Micron has begun commercial shipments from its Sanand, Gujarat, facility, moving part of its $2.75 billion India investment into production and expanding its ability to supply finished memory products from the country.
The site processes advanced DRAM and NAND wafers produced elsewhere in Micron’s global network into finished memory and storage products. Its first India-made shipment went to Dell Technologies for use in laptops built and sold domestically.
Micron expects the Sanand facility to assemble and test tens of millions of chips through 2026. Output is projected to reach hundreds of millions of units by 2027, while the completed first phase is expected to include more than 500,000 square feet of cleanroom space.
Micron shares gained almost 6% after the India announcement. The stock closed at $1,082.28 on Sept. 25 and traded at $1,085.02 in after-hours trading.
The India expansion comes after Micron reported strong fiscal third-quarter results. Revenue reached $41.5 billion, up 346% from a year earlier. DRAM revenue rose to $31.3 billion, while NAND revenue reached $9.9 billion.
Micron expects about $50 billion in revenue for the coming quarter. Its next earnings report is scheduled for Sept. 30, 2026.
