<p>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.</p>.<p>Union Minister for Electronics and Information Technology Ashwini Vaishnav revealed this during the ongoing Vibrant Gujarat Global Summit in Gandhinagar.</p>.Tata, Maruti, Adani, Ambani, all promise massive investment at Vibrant Gujarat.<p>Vaishnav said that the company deals in manufacturing semiconductor substrates, the supporting material upon which elements of a semiconductor device are fabricated.</p>.<p>“Simmtech is the world’s biggest manufacturer of semiconductor substrates. The company has signed an MoU with the Gujarat government to set up a plant close to Micron in Sanand,” Vaishnav said while addressing the media at vibrant summit.</p>.<p>He said that the South Korean firm has been allotted 30 acres of land and the work will start in the next two-three months. The company will need 6-7 months to set up the plant.</p>.<p>The company has been given subsidy under SPECS (Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors) by the centre as well as state government, the minister said.</p>.<p>During a seminar on “Semiconductor & Electronics” on the second day of the summit, Vaishnaw announced that Gujarat is all set to manufacture the country’s first make in India chip by 2024 from Sanand.</p>
<p>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.</p>.<p>Union Minister for Electronics and Information Technology Ashwini Vaishnav revealed this during the ongoing Vibrant Gujarat Global Summit in Gandhinagar.</p>.Tata, Maruti, Adani, Ambani, all promise massive investment at Vibrant Gujarat.<p>Vaishnav said that the company deals in manufacturing semiconductor substrates, the supporting material upon which elements of a semiconductor device are fabricated.</p>.<p>“Simmtech is the world’s biggest manufacturer of semiconductor substrates. The company has signed an MoU with the Gujarat government to set up a plant close to Micron in Sanand,” Vaishnav said while addressing the media at vibrant summit.</p>.<p>He said that the South Korean firm has been allotted 30 acres of land and the work will start in the next two-three months. The company will need 6-7 months to set up the plant.</p>.<p>The company has been given subsidy under SPECS (Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors) by the centre as well as state government, the minister said.</p>.<p>During a seminar on “Semiconductor & Electronics” on the second day of the summit, Vaishnaw announced that Gujarat is all set to manufacture the country’s first make in India chip by 2024 from Sanand.</p>