South Korean critical semiconductor parts maker Simmtech is preparing for a new colocation investment with Micron, Jeffery Chun, CEO of company Global, said on Wednesday.
Speaking at the 10th Vibrant Gujarat Global Summit here, he said the company is ready to “make a significant investment in India and partner with Micron to create thousands of jobs for highly skilled talent in the state of Gujarat”.
“The Vibrant Gujarat Global Summit 2024 showcases the global movement of creating a new supply chain network in a fast growing country like India, and Simmtech as a company from Korea is very proud to be part of this movement to create a new milestone, creating a prosperous Gujarat or a self-reliant Indian supply chain,” he said.
Chun further said, “We are now preparing for a new round of colocation investments in India.”
Commenting on Micron’s investment plan in Gujarat, Chun said: “…with the support of the central and state government, we are ready to make a significant investment in India and together create thousands of jobs for highly skilled talents in the state of Gujarat .with Micron.”
It will help “take India’s PCB and IC packaging substrate industry to the next level and make India’s presence in the semiconductor supply network much, much stronger,” he added.
Last year, Micron had announced plans to set up a semiconductor assembly and testing plant in Gujarat, involving a total investment of $2.75 billion (about Rs 22,540 crore).
Chun further said, “We really look forward to further supporting our customers’ supply chains both in India and globally. And we will further enable India’s domestic players to be part of the global supply chain ecosystem “.
As a supply chain partner for the semiconductor assembly and testing industry, he said Simmtech “provides best-in-class, high-density semiconductor packaging IC substrates and printed circuit boards to our leading customers.”
Simmtech had made colocation investments in the past to support the supply chain network of its key customers, he said, citing examples of investments in China with Micron more than a decade ago and more recently in Malaysia.
“Through these projects, we have proven to the market that colocation investments have truly driven the growth of a semiconductor ecosystem in the region,” Chun said.
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First print: January 10, 2024 | 1:17 p.m IST