Micron Technology Inc. (MU, -1.6%) will build its first assembly and testing facility in India. Memory chip maker Micron will use the facility to assemble and test both DRAM products and NAND. Micron intends to locate the facility to Gujarat, India. The first phase is expected to begin operating in late 2024. Micron plans to invest $825 million in the second phase of the project, which will take place “in the second half decade.”