Simmtech to invest Rs 1,250 cr for chip components plant in Gujarat

Ahmedabad, DHNS: After US chipmaker Micron and Tata group, South Korean firm Simmtech on Thursday announced setting up its plant in Sanand, Gujarat at a cost of Rs 1,250 crore as part of creating a semiconductor ecosystem in the state.

Union Minister for Electronics and Information Technology Ashwini Vaishnav revealed this during the ongoing Vibrant Gujarat Global Summit in Gandhinagar.

Vaishnav said that the company deals in manufacturing semiconductor substrates, the supporting material upon which elements of a semiconductor device are fabricated.