Tamil Nadu Budget 2025: State to launch Semiconductor Mission-2030, Semiconductor Fabless Lab in Chennai, Knowledge Corridor in Hosur

Tamil Nadu Finance Minister announces ₹500 crore Tamil Nadu Semiconductor Mission-2030, boosting electronics exports and industrial growth.

Tamil Nadu Finance Minister Thangam Thennarasu on Friday (March 14, 2025) told the Assembly that the State Government would launch and implement the Tamil Nadu Semiconductor Mission-2030 over the next five years with an estimated allocation of ₹500 crore.

He said a ‘Semiconductor Fabless Lab’ would be established in Chennai at an estimated cost of ₹100 crore in collaboration with leading industry and academic institutions. “World-class semiconductor design companies and domestic start-ups will be encouraged to establish their design centres in Tamil Nadu,” he said while presenting the State Budget for 2025.

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He said Tamil Nadu was India’s leading State in electronics exports, accounting for 33% of the country’s total exports. “The State’s electronics exports have witnessed significant growth, rising from $1.66 billion in 2020-21 to $9.56 billion in 2023-24. To sustain this leadership in electronics manufacturing and exports, the Government is implementing various measures,” he said.

The Minister said to transform the Coimbatore region, known for its excellence in engineering and foundry industries, into a modern industrial hub, semiconductor manufacturing parks would be established in 100 acres in Sulur, Coimbatore and at another 100 acres at Palladam.

“These industrial parks will be developed in collaboration with companies from the United States, Singapore, Malaysia, and Taiwan, and will propel the economic growth of the Coimbatore region to the next level,” he explained.

As part of the government’s plan to expand the information highway to all cities, a Tidel Park with high-end office facilities will be developed in Hosur, covering an area of 5 lakh sqft at a cost of ₹400 crore, besides a mini-tidel park at Virudhunagar in the coming year, creating employment for 6,600 people.