The US-based semiconductor manufacturer Micron Technology announced on Friday that it is prepared to build Gujarat's first chip facility in India, which will generate 15,000 indirect jobs in addition to 5,000 direct positions over the ensuing years.

"We estimate that our project here in Gujarat will create nearly 5,000 direct jobs plus an additional 15,000 jobs in the community over the coming years," said Sanjay Mehrotra, President and CEO of Micron Technology.

Speaking at the SemiconIndia 2023 event in Gandhinagar, Mehrotra said the investment is expected to catalyse other investments, enhance manufacturing and job creation in the semiconductor space.

The upcoming facility will add to Micron's existing team in Bengaluru and Hyderabad, he said, adding, "together, we are building the future of technology manufacturing for the world."