Yield Engineering Systems (YES) is a leading manufacturer of process equipment for AI and HPC semiconductor solutions. YES announced today that it has signed a memorandum of understanding (MoU) with Government of Tamil Nadu. As part of the MoU, YES has proposed to set up a manufacturing and new product development facility in Coimbatore, India.
YES India Private Limited plans to invest INR 150 crores in this proposed project in the next 10 years and plans to employ about 300 people (direct) for the project over this time. Two hundred of these direct job opportunities will be in the next five years in the state of Tamil Nadu. YES also intends to generate employment of about 1200 indirect jobs through its suppliers and contract manufacturers. As part of the MoU, the government of Tamil Nadu will provide facilitation and support to YES in the form of necessary infrastructural support and regulatory facilitation.
“This facility brings us closer to our customers, provides scalable manufacturing and engineering infrastructure, as well as allows us to participate in the growth of semiconductor ecosystem in India,” said Rama Alapati, CEO and Chairman of YES. “This effort aligns to the government of Tamil Nadu’s vision to develop Coimbatore into a semiconductor capital equipment global capability center. Tamil Nadu offers an excellent business climate, a well-regarded education system, and a great talent pool that will benefit YES as well as the wider semiconductor ecosystem.”
“Tamil Nadu aspires to move up the value chain for electronics and semiconductor manufacturing and design in India,” said Dr. T.R.B. Rajaa, Hon’ble Minister for Industries, Government of Tamil Nadu. “This investment by YES is a significant milestone in creating a new semiconductor ecosystem in Coimbatore.”
