South Korea-based Simmtech, which manufactures high-layer printed circuit boards (PCB) for semiconductors, has signed a memorandum of understanding (MoU) with the Gujarat Government to invest over Rs 1,250 core in the state. The MOU was inked in the ongoing Vibrant Gujarat Global Summit 2024.
Simmtech will set up operations to support Micron's semiconductor plant in Gujarat.
Simmtech, which has been concentrating on developing and manufacturing High-layer PCBs for semiconductors since it was established in 1987, will setup the plant in Gujarat's Sanand, where American semiconductor firm Micron’s plant is also under construction.
The MoU was exchanged in the presence of Union Minister of IT and Electronics Ashwini Vaishnaw and Gujarat Chief Minister Bhupendra Patel. At the inaugural session held on Wednesday, Simmtech CEO Jeffery Chun had announced that the company is ready to invest in India.
This investment firom South Korean firm is expected to create over 1,000 direct and indirect job opportunities in the state.
Simmtech is world’s largest semiconductor packaging IC substrates and high-density interconnect printed circuit board (PCB) manufacturer.The company has advanced manufacturing plant in South Korea, China, Japan and Malaysia.
Additionally, in this year's Vibrant Gujarat Summit, cooperation agreements were forged between Micron and Nantech, as well as Cisco and Nantech.
On this occasion, the Union Minister of Electronics and Railways, Shri Ashwini Vaishnaw, also announced that Gujarat is poised to manufacture the country's first Make in India chip in 2024. During the seminar, Sanjay Mehrotra, the CEO of Micron, conveyed his appreciation for the exceptional cooperation from the state government and the Government of India. He stated that India is on the brink of establishing a robust semiconductor supply chain in the near future.
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