Archean Chemical's Subsidiary Achieves Milestone in Semiconductor Manufacturing with 33000 Cr Investment

Archean Chemical Industries Limited's stepdown subsidiary, SiCSem Pvt. Ltd., has achieved a significant milestone in semiconductor manufacturing. The groundbreaking ceremony was virtually performed by the Hon’ble CM of Odisha Shri Mohan Charan Majhi during the Utkarsh Odisha conclave. The proposed Compound Semiconductor Facility is expected to be a 33000 Cr investment, which will significantly boost Odisha's industrial progress. The facility will integrate the entire process of manufacturing power devices including a Wafer Fabrication Plant, leading to the production of electronic power devices for various sectors such as electric vehicles, energy storage, fast chargers, green energy, industrial tools, data centres, consumer appliances, and many others. The state government has allotted 14.32 acre land at Infovalley-II, Bhubaneshwar for this prestigious project and approved it under the Odisha Semiconductor & Fabless Policy - 2023.