‘We are extremely interested in bringing semiconductor industries to the state, expect big- ticket announcements in a year’: DR TRB Rajaa

With the rising significance of semiconductor chips in an era of connected vehicles and devices, Tamil Nadu – considered the Detroit of India, is close to announcing big-ticket investments in the state. Dr TRB Rajaa, the Minister of Industries of Tamil Nadu told Autocar, “‘We are extremely interested in bringing semiconductor industries to the state, expect big-ticket announcements in a year.”The state government has set up a separate team that is looking at investors in the fab chip making facility, informed the minister. Tamil Nadu is scouting for investments at a time when Foxconn has just withdrawn from a US$ 19.5 billion semiconductor joint venture with Vedanta. However, a large ticket investment from the likes of Foxconn is what Tamil Nadu state is vying for. Post the pandemic, countries are rushing to make their own semiconductor chips to become self-sufficient.