TN CM Signs Rs 4 billion Deal with Ohmium in San Francisco
04 Sep 2024
2 Min Read
CW Team
Tamil Nadu Chief Minister MK Stalin, currently on a 17-day visit to the United States to attract investments, has finalised a Rs 4 billion deal with Ohmium in San Francisco, which is set to create 500 jobs. In an update on social media platform X, Stalin highlighted the success of the day, announcing the Rs 4 billion investment from Ohmium in Chengalpattu district. He emphasized that this development represents a significant advancement in fostering the green energy sector and supporting a sustainable future.
During his visit, Stalin also toured the headquarters of major tech companies such as Google, Apple, and Microsoft. He secured Memoranda of Understanding (MoUs) with these firms to facilitate investments in Tamil Nadu. Among the agreements, one with Nokia involves establishing a new R&D center in Chengalpattu?s SIPCOT, which will become the largest Fixed Network test bed globally for innovation in 10G to 100G PON technologies, with an investment of Rs 4.50 billion and the creation of 100 jobs.
Additionally, an MoU was signed with PayPal for an Advanced Development Centre in Chennai focused on Artificial Intelligence, expected to generate 1000 jobs. Yield Engineering Systems will set up a product development and manufacturing facility for semiconductor equipment in Sulur, Coimbatore, with a Rs 150 crore investment, creating around 300 jobs. Microchip will establish an R&D center in Semmancherry, Chennai, with an anticipated investment of Rs 2.50 billion and the generation of 1500 jobs.
Applied Materials has agreed to set up an Advanced AI-enabled Technology Development Centre in Tharamani, Chennai, which is projected to create 500 jobs. An agreement with Infinx will result in a Technology and Global Delivery Centre in ELCOT, Vadapalanji, Madurai, at a cost of Rs 500 million, generating 700 jobs. The Chief Minister?s visit also included a new MoU with Ohmium for a manufacturing facility in Chengalpattu, focusing on electro-user manufacturing and hydrogen solutions, expected to generate another 500 jobs.
Tamil Nadu Chief Minister MK Stalin, currently on a 17-day visit to the United States to attract investments, has finalised a Rs 4 billion deal with Ohmium in San Francisco, which is set to create 500 jobs. In an update on social media platform X, Stalin highlighted the success of the day, announcing the Rs 4 billion investment from Ohmium in Chengalpattu district. He emphasized that this development represents a significant advancement in fostering the green energy sector and supporting a sustainable future.
During his visit, Stalin also toured the headquarters of major tech companies such as Google, Apple, and Microsoft. He secured Memoranda of Understanding (MoUs) with these firms to facilitate investments in Tamil Nadu. Among the agreements, one with Nokia involves establishing a new R&D center in Chengalpattu?s SIPCOT, which will become the largest Fixed Network test bed globally for innovation in 10G to 100G PON technologies, with an investment of Rs 4.50 billion and the creation of 100 jobs.
Additionally, an MoU was signed with PayPal for an Advanced Development Centre in Chennai focused on Artificial Intelligence, expected to generate 1000 jobs. Yield Engineering Systems will set up a product development and manufacturing facility for semiconductor equipment in Sulur, Coimbatore, with a Rs 150 crore investment, creating around 300 jobs. Microchip will establish an R&D center in Semmancherry, Chennai, with an anticipated investment of Rs 2.50 billion and the generation of 1500 jobs.
Applied Materials has agreed to set up an Advanced AI-enabled Technology Development Centre in Tharamani, Chennai, which is projected to create 500 jobs. An agreement with Infinx will result in a Technology and Global Delivery Centre in ELCOT, Vadapalanji, Madurai, at a cost of Rs 500 million, generating 700 jobs. The Chief Minister?s visit also included a new MoU with Ohmium for a manufacturing facility in Chengalpattu, focusing on electro-user manufacturing and hydrogen solutions, expected to generate another 500 jobs.
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