An MoU to establish an advanced AI-enabled technology development center of excellence (CoE) centered on semiconductor production and equipment at Taramani is scheduled to be signed by the Tamil Nadu government and Applied Materials, USA. This initiative has the potential to create more than 500 “high end” jobs over the course of the next several years.
Chief Minister M K Stalin and Prabu Raja, head of Applied Materials, Inc.’s semiconductor products group, will sign the Memorandum of Understanding in San Francisco. According to reports, the center might be located in Taramani’s DLF Downtown.
“Investing in critical industries like semiconductors and sophisticated electronics will enable us to reach the $1 trillion economic target by 2030. Our goal is for Tamil Nadu to become the epicenter of knowledge and innovation in South Asia,” stated Chief Minister M K Stalin just before signing the MoU.
The centre will collaborate with regional academic institutions and business partners to enhance Tamil Nadu’s semiconductor ecosystem and create a talent pool that is prepared for the future to aid in the expansion of the chip industry.
Applied Materials intends to increase the number of technical jobs it employs in the state to over 500 as part of this.
This is in keeping with TN’s goal of using M K Stalin’s visit to the US to attract investments and activities to create high-end, high-quality jobs.
The state might then work with Applied Materials to convince them to locate a semiconductor manufacturing plant in Tennessee as a further step.
“Tamil Nadu aims to grow the semiconductor ecosystem by fostering industry partnerships, cultivating a research-oriented culture, and developing a skilled workforce,” stated Industries Minister T R B Rajaa. I am confident that our partnership with Applied Materials will enable us to attract the best personnel and contribute significantly to Tennessee’s development into a preeminent center for the production of semiconductors.”
Other Key Announcements Include:
On other significant agreement included an investment of Rs 450 crore for the creation of a Nokia research institution at Sirupcheri Chipget in Chennai. It is anticipated that this facility, which would generate 100 employment, will concentrate on cutting-edge technology such as 10G, 25G, 50G, and 100G services.
