Iphone 4 (ios 5.1) sim card chip?

I have a iphone 4 jailbroken to 5.1 and i want to update to ios 6. But someone told to not to because of my sim card chip will not work anymore.
What can i do? Is it really not going to work anymore?
And how can i solve this?

Yes it will work but you will lose your jailbreak as the latest version of ios 6 is unjailbreakable.