Chennai: On the first day of their United States of America (USA) visit, Tamil Nadu’s delegation, led by Chief Minister MK Stalin and Industries Minister TRB Rajaa, secured investments worth Rs 900 crore, promising to create 1,400 jobs across multiple sectors. The MoUs, signed at the Conclave in San Francisco, include a Rs 450 crore investment by Nokia, Rs 150 crore by Yield Engineering Systems in Coimbatore, a significant commitment from PayPal in Chengalpattu, Rs 50 crore by Infinix in Madurai, Applied Materials in Chennai, and rs 250 crore by Microchip in Chengalpattu.
Infinx to set up tech centre at Madurai ElCOT
Infinx, a global healthcare-based tech firm, has signed a MoU with the Tamil Nadu govt to establish a technology and global delivery center in Madurai. The facility will be set up at Electronics Corporation of Tamil Nadu Limited (ELCOT) IT Park in Vadapalanji, Madurai, with an investment of Rs 50 crore. This center is expected to generate Jobs for over 750 people. The MoU was signed during the Investment Conclave held in San Francisco.
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Tamil Nadu bags world’s largest fixed network testbed
Chennai is set to play a pivotal role in the future of high-speed internet, as global telecom giant Nokia partners with the Tamil Nadu government to establish the world’s largest fixed network testbed at Siruseri SIPCOT. The Rs 450 crore investment deal, signed in the presence of Chief Minister MK Stalin in San Francisco, will also see Nokia setting up its largest R&D centre in Chennai. This facility will drive cutting-edge innovations in 10G, 25G, 50G, and 100G passive optical networks, marking a significant milestone in the state’s tech landscape.
Applied Materials to establish an AI-enabled Centre of Excellence in Chennai
Additionally, MK Stalin has secured a landmark MoU with US semiconductor giant Applied Materials to establish an AI-enabled Centre of Excellence (CoE) for semiconductor manufacturing at Taramani, Chennai. Signed at an investment conclave in San Francisco, the new facility at DLF Downtown will create 500 high-tech jobs, bolstering the state’s strategy to attract advanced technology investments and foster high-quality employment opportunities.
