Project News Detail
| Project No : | 206530 |
|---|---|
| Project Title : | Archean Chemical signs fiscal support agreement for India’s first SiC Semiconductor Fab facility |
| Company Name : | Private Company |
| Project Detail : | Archean Chemical Industries, along with its wholly-owned subsidiary Neun Infra. and step-down subsidiary SiCSem, has signed a fiscal support agreement (FSA) with the India Semiconductor Mission on 11 May, 2026, under the Government of India’s Semicon India Programme. The agreement marks a key milestone in formalising capital expenditure support for the development of India’s first approved Silicon Carbide (SiC) based compound semiconductor fabrication and ATMP facility. The proposed facility will be established at Info Valley in Bhubaneswar with an estimated investment of around Rs 2,067 crore. It will integrate end-to-end wafer fabrication and packaging capabilities, targeting an annual production capacity of approximately 60,000 SiC wafers and 96 million SiC MOSFETs and diodes. The project is expected to support high-growth sectors including electric vehicles, renewable energy systems, smart grids, 5G telecommunications, industrial automation, and data centre infrastructure. Officials said the agreement strengthens India’s push toward building a domestic semiconductor ecosystem and reducing dependence on imports in advanced chip technologies. |
| Project Location : | Multi Location (Multi State) - Multi State - India |
| Project Estimation : | Refer Document |
| Status : | Announced |