22 Jun 2023 --- Micron Technology is reportedly planning to invest as much as US$2 billion in building a semiconductor packaging factory in India, a move to further diversify its geographic footprint at a time of US tensions with China. But this week, the US$30-billion US-based semiconductor manufacturer, voiced concerns about India’s tax regime, stating that it throws up “unexpected surprises” and is “not aligned with global Outsourced Semiconductor Assembly and Test practices,” reported Financial Express. The company has said that recent changes made in the taxation regime have raised a “cloud of uncertainty” with regard to cost of conducting business and urged the government to relook at taxation for the electronics sector.
