Singapore-based IGSS Ventures, one of the three applicants for central government incentives to set up semiconductor fabrication units, has chosen Tamil Nadu as its factory location.
The state government said that an “MoU was signed today between IGSS Ventures Pvt Ltd and the Tamil Nadu Guidance Bureau to set up a high-tech semiconductor park…” The state’s guidance department said it had allocated nine strategic sites, including two sites near Chennai, to house a semiconductor fab.
The fab, it said, will be producing wafers ranging from 28 nanometre (nm), 45 nm and 65 nm, and an industry ecosystem infrastructure that hosts semiconductor circuit designers, material suppliers, equipment suppliers, and outsourced semiconductor assembly and test (OSATs) players.
The state government “accords the highest priority to the development of semiconductor manufacturing. The State is traditionally strong in the automobile and auto components sector and emerging in electronics which have backward linkages with fab, which makes the State an ideal location for a fab unit in India,” said Pooja Kulkarni, MD and chief executive, guidance department.
The ₹25,600-crore investment would be spread over five years and would create 1,500 jobs.
IGSS is a consortium of firms with specialised capabilities in setting up a semiconductor foundry. The consortium is an applicant under the Indian Semiconductor Mission. “The consortium believes that a differentiation strategy, which offers both mainstream and emerging niche technologies with Tier 1 foundry capabilities and cost competitiveness, will enable India to become a global leader in selective chip technologies besides offering mainstream solutions in the technology nodes,” IGSS Ventures founder & group CEO Raj Kumar said.