Three memorandums of understanding (MoUs) were signed in the semiconductor sector on the second day of the 10th Vibrant Gujarat Global Summit on Thursday, one of them with South Korean firm Simmtech which committed an investment of Rs 1,250 crore in Gujarat for printed circuit board (PCB) manufacturing, an official said.

The other two pacts were business-to-business collaborations involving four different companies, including corporate giants like ArcelorMittal Nippon Steel, Micron Technology and Cisco, he said.

Five MoUs were inked in the port sector with the Gujarat Maritime Board (GMB) finalising agreements with the Indian Navy and the Indian Coast Guard in areas of jetties and infrastructure development, with investment proposal of Rs 800 crore and Rs 174 crore, respectively, said Vice-Chairman and Managing Director of Gujarat Industrial Development Corporation (GIDC) Rahul Gupta.

"Simmtech will set up its unit at Sanand in Ahmedabad. Two B2B MoUs were signed in the semiconductor sector -- one between ArcelorMittal Nippon Steel with Micron Technology and another between NAMTECH (New Age Makers Institute of Technology) and Cisco," said Gupta.

"Eight MoUs have been signed for skilling of workforce for Industry 4.0. Similarly, 14 agreements were inked with the Kaushalya Skill University for skill requirements for global future workforce with an aim to prepare workforce for industry 4.0," he said.