CM visits US: TN inks series of MoUs with technology companies, including Nokia

MoU signed with Nokia is for a ₹450-crore R&D centre for innovations in 10G, 25G, 50G, and 100G PON, Fixed Wireless Access, MDU solutions at SIPCOT, Siruseri [View in browser]( [See all newsletters]( 30 August 2024 CM visits US: TN inks series of MoUs with technology companies, including Nokia [M K Stalin, Tamil Nadu Chief Minister] Tamil Nadu signed a series of MoUs with a number of companies, including Nokia, at an event in San Francisco on Thursday in the presence of Chief Minister MK Stalin, who is on a visit to the US to attract investments, Industries Minister TRB Rajaa said in a post on X. Nokia is to set up its new R&D Center - their largest fixed network test bed in the world - for innovations in 10G, 25G, 50G, and 100G PON, Fixed Wireless Access, MDU solutions at SIPCOT, Siruseri at a cost of ₹450 crore, generating 100 jobs. PayPal will set up an Advanced Development Centre focused on AI in Chennai, generating 1,000 jobs. Yield Engineering Systems will set up a product development & manufacturing facility for semiconductor equipment at Sulur in Coimbatore at a cost of ₹150 crore, generating 300 jobs. Microchip will set up an R&D Centre in Semiconductor Technology at Semmancherry, Chennai, at a cost of ₹250 crore generating 1,500 jobs. Infinx will set up a Technology and Global Delivery Centre at ELCOT Vadapalani, Madurai, at a cost of ₹50 crore generating 700 jobs. Applied Materials will set up an Advanced AI-Enabled Technology Development Centre for Semiconductor Manufacturing & Equipment at Taramani, Chennai, generating 500 jobs. Ohmium will set up a component manufacturing facility for electrolyser manufacturing and hydrogen solutions systems at Chengalpattu at a cost of ₹400 crore, generating 500 jobs. GeakMinds will set up an IT & Analytics Services Centre at Chennai, generating 500 jobs, the post said. You Might Also Like [Mukesh Ambani targets 2x growth for Reliance by 2030; new energy, AI, and Jio to drive expansion]( [Companies]( [Mukesh Ambani targets 2x growth for Reliance by 2030; new energy, AI, and Jio to drive expansion]( [The most affordable cloud service in the market, Jio Cloud could disrupt Apple, Google dominance]( [Info-tech]( [The most affordable cloud service in the market, Jio Cloud could disrupt Apple, Google dominance]( [RIL to reward shareholders with 1:1 bonus issue; stock rises 38% from October low]( [Companies]( [RIL to reward shareholders with 1:1 bonus issue; stock rises 38% from October low]( [Finance ministry lowers entry barrier for GIFT City listing]( [Economy]( [Finance ministry lowers entry barrier for GIFT City listing]( Stay informed Subscribe to businessline to stay up-to-date with in-depth business news from India [arrow]( Copyright @ 2024, THG PUBLISHING PVT LTD. If you are facing any trouble in viewing this newsletter, please try [here]( Manage your newsletter subscription preferences [here]( If you do not wish to receive such emails go [here](