Released on = August 19, 2006, 4:37 am

Press Release Author = PRHUB

Industry = Semiconductors

Press Release Summary = Hon'ble Chief Minister of Tamilnadu lays the foundation
stone in the presence of Union Minister of Communications & Information Technology
TAPP Semiconductor India signs MoU with Govt. of Tamilnadu for its semiconductor
production & packaging plant @ Chennai
Acquisition of land completed and work at project site begins
Estimated investment over Rs.1000 crores
To employ 1700 and provide indirect employment to over 5000 people


Press Release Body = TAPP Semiconductor India Pvt. Ltd. today announced that it has
completed land acquisition at Sriperumbudur on the outskirts of Chennai and work at
the site has since began. The company said the project will involve an investment of
over Rs.1000 crores. At a formal function held in the city, the company signed a
formal Memorandum of Understanding with the State Government towards the same. Dr.
Kalaignar M Karunanidhi, Hon'ble Chief Minister of Tamilnadu witnessed the MoU
signing and laid the foundation stone to symbolically mark the project initiation.
Thiru. Dayanidhi Maran, Hon'ble Union Minister of Communications and Information
Technology, Govt. of India, unveiled the model of the upcoming facility. Chief
Secretary, Govt. of Tamilnadu and senior officials from the Department of Industries
were present on the occasion.
Speaking on the occasion, Hon'ble Chief Minister of Tamilnadu Mr. M. Karunanidhi,
said, "With the launch of TAPP's project for indigenous assembly and production of
semiconductors, Tamil Nadu has become a prime destination for the semiconductor
industry in India. This project would further enhance the attractiveness of Chennai
for new investments in the electronics hardware sector".
In his address, the Honorable Union Minister for Communications & Information
Technology, Mr. Dayanidhi Maran said, "The establishment of plants in Sriperumbudur
by global majors like Nokia of Finland, Flextronics of Singapore and now a
semiconductor company like TAPP have created a turning point in the history of
industrialization of Tamil Nadu."
According to P Raja Manickam, Founder and CEO, TAPP Semiconductor India Pvt.
Ltd.,"The facility marks a leap forward for the Indian semiconductor industry in its
avowed objective of self-sufficiency. With the initiation of the work today, we are
on schedule for completing the facility by 2007. TAPP is uniquely positioned to
deliver and manage a project of this magnitude as it has a strong and diverse
management with expertise in each part of the semiconductor value chain. We
sincerely hope that our facility will provide the requisite fillip to the Indian
semiconductor industry and allow it to move up the value chain and become a global
hub in areas like production and packaging too."
Commenting on the occasion, V Veerappan, Co-founder & Vice-president, TAPP
Semiconductor India Pvt. Ltd. said," India is already a leader in chip design with
latest designs coming out of our design centers. With this facility we will be able
to match the designs with equally cutting-edge and best-in-class technology
solutions so that a lot more can be done by chip companies in India over and above
design. Without a proactive Chief Minister, a visionary Union Minister of
Communications & Information technology and a supportive Department of Industries,
am sure the project would not have progressed to this extent.
The facility will have the capacity to handle 500000 ICs per day to start with and
down the line will be able to handle 3 million ICs a day. It will employ over 1700
people besides providing indirect employment to over 5000 people.
TAPP Semiconductor India Pvt. Ltd. was formed by senior professionals from the
semiconductor industry who between themselves have global exposure and proven track
record in key areas of the semiconductor value chain. The company through its
integrated facility at Chennai aims to provide host of production and packaging
solutions to global players as well as interested companies locally present.


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