Silicon Power Group commits $121.73m for silicon carbide facility in Odisha

  • The US company is due to start operations in 18-24 months, producing 150mm silicon carbide for electric cars and other industrial uses.
  • An Odisha government delegation has travelled to the US and met with semiconductor industry leaders, pitching Odisha’s positive industrial environment.
  • The commitment aligns with India’s ambition to become a global semiconductor hub; the country’s local chip market is projected to be worth $80 billion by 2028.
Join 2 million subscribers

A curated newsletter that summarizes the important news at the intersection of Global tech, India Tech and AI.

Delivered 8 AM. Daily.
nextbigwhat We would like to show you notifications for the latest news and updates.
Allow Notifications