CHEONGJU, KOREA – South Korean PCB maker Simmtech has announced plans for a INR1,250 core ($150.5 million) investment in the Indian state of Gujarat to support Micron's semiconductor plant being built in the state.

Simmtech CEO Jeffery Chun made the announcement at the 2024 Vibrant Gujarat Global Summit.

"Through the support of central and state governments, we are ready to make an investment in Gujarat which will create thousands of jobs," he said.

Last year, Micron announced plans to set up a semiconductor assembly and test plant in Gujarat with a total investment of $2.8 billion.

Chun said the co-location investment with Micron mirrors a similar investment that the company previously made in China, and this investment will further India's goal to become a major player in the global semiconductor supply chain.

"We really look forward to further supporting our customers supply chain, both in India and globally," he said. "And we will further enable India's domestic players to be part of the global supply chain ecosystem."

Simmtech ranked 21st on the 2023 NTI-100 list of the world's largest PCB fabricators, with reported revenue of $1.3 billion in 2022.

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