Simmtech ready to invest in Gujarat with Micron
Micron earlier announced plans to set up a semiconductor assembly and test plant in Gujarat entailing total investment of $2.75 bn
Colocation Investment
- Will help in elevating India's PCB and IC packaging substrate industry
- Help India's presence in semiconductor supply chain network stronger
- Simmtech made colocation investments to support key customers supply chain network
Gandhinagar: South Korean semiconductor critical parts maker Simmtech is preparing for another colocation investment with Micron, company Global CEO Jeffery Chun said on Wednesday.
In his address at the 10th Vibrant Gujarat Global Summit here, he said the company is ready to make "a significant investment in India and create thousands of job opportunities for high skilled talents in the State of Gujarat together with Micron". "The Vibrant Gujarat Global Summit 2024 showcases the global movement of creating a new supply chain network in a fast growing nation like India, and Simmtech as a company from Korea is very proud to be part of this movement to achieve a new milestone, making a prosperous Gujarat or self reliant India supply chain," he said. Chun further said," We are now preparing for another round of colocation investment in India.
" Following Micron's investment plan in Gujarat, Chun said,"... with the support from the central and State government, we are ready to make a significant investment in India and create thousands of job opportunities for high skilled talents in the state of Gujarat together with Micron." It will help in "elevating India's PCB and IC packaging substrate industry to another level to make India's presence in the semiconductor supply chain network much, much stronger", he added.
