AI is as foundational as discovery of fire, says Micron global CBO

American technology firm Micron was the first major company to sign up for the Indian government’s $1 billion Indian Semiconductor Mission when it announced a chip assembly plant in Gujarat last year at an overall investment of $2.75 billion. The firm, which builds memory products and is currently riding a generative artificial intelligence (GenAI)-led boom, having seen its market cap rise about 117% in the past year to $145.92 billion. Its chief business officer, Sumit Sadana, told ET in an interview that the company hopes to start the India facility by 2025 which will complement some part of its global sales given its AI led products are sold out till 2025. He also spoke about whether the exorbitant cost of AI products will come down, productivity gains, investing in India’s startup ecosystem and more. Edited excerpts: