In the state Budget presented on March 14, 2025, Finance Minister Thangam Thenarasu announced the Tamil Nadu Semiconductor Mission-2030, with an allocation of ₹500 crore over the next five years to boost semiconductor manufacturing and exports.
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As part of this initiative, semiconductor manufacturing parks will be established in Sulur and near Palladam in Coimbatore, covering 100 acres each.
These industrial parks will be developed in collaboration with companies from the US, Singapore, Malaysia, and Taiwan, aiming to propel Coimbatore’s economic growth.
A Semiconductor Fabless Lab will also be set up at ₹100 crore in partnership with research institutions, focusing on semiconductor design and innovation in the state. A fabless lab does not have its own manufacturing (fabrication) plant.
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Tamil Nadu is India’s leading state in electronics exports, accounting for 33% of the country’s total electronics exports.
The state’s electronics exports have surged from $1.66 billion in 2020-21 to $9.56 billion in 2023-24.
