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Micron Technology has appointed Larsen & Toubro (L&T) as the general contractor for Phase II of its semiconductor Assembly

ICICIdirect Research 28 Jul 2026 DISCLAIMER

News: Micron Technology has appointed Larsen & Toubro (L&T) as the general contractor for Phase II of its semiconductor Assembly, Testing, Marking and Packaging (ATMP) facility at Sanand, Gujarat. The second phase is part of Micron's US$2.75 billion investment in India and will significantly expand the facility's chip packaging and testing capacity

View: L&T's selection strengthens its position in the high-value semiconductor infrastructure segment and is expected to contribute to its Buildings & Factories order book, while also enhancing its credentials for future semiconductor manufacturing projects under India's Semiconductor Mission.

Impact: Positive

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