Chennai: Chief minister Joseph Vijay on Thursday launched the Tamil Nadu Semiconductor Ecosystem Scheme, which aims to provide additional incentives to projects approved under Semicon India 2.0, along with support for other investments.
State industries minister S Keerthana earlier in the assembly session announced the govt’s plans to provide additional incentives for the projects selected under the Semicon 2.0 program. Chief minister earlier in Aug announced that a semiconductor and electronics manufacturing park will be set up at Maduramangalam, Kancheepuram district.
The scheme will focus on two areas: one providing financial incentives and additional support for projects selected under the national semiconductor program and the other backing investments which are believed to have strategic advantages to the state’s semiconductor ecosystem, according to an official statement. The programme targets the entire semiconductor value chain, including design, chip fabrication, assembly, testing, packaging, equipment and raw materials and research and development.