Micron Technology will break ground for its semiconductor plant in Gujarat's Sanand on September 23.

This comes three months after the chipmaker revealed its intention to establish a facility in India. The facility is expected to be operational by the end of 2024.

The US-based corporation is the world's fifth-largest semiconductor manufacturer and has pledged to investing $825 million in India. The cost of the plant is expected to be $2.75 billion, with the balance covered as a subsidy by both the federal and state governments. It is the first megaproject approved under the Centre's $10 billion incentive scheme to entice global chip manufacturers.

A few months ago, Micron acquired 10 acres of land, a building and a factory from a troubled auto components maker. The facility is being converted into a pilot assembly, testing, marking and packaging (ATMP) plant.

The ATMP plant is where wafers made from silicon are converted into memory chips. It always includes a "cleanroom", which has near-zero dust and vibrations and where wafers go through 30 to 40 processes, including etching. The completed chips are sent to a back-end assembly and test facility before they are packaged and sold.