Tamil Nadu bags IGSS ventures’ Rs 25,000 crore semiconductor park

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 on Friday 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.