Latest News | Majhi Performs Groundbreaking Ceremony of Odisha's Second Semiconductor Unit

Bhubaneswar, Jan 28 (PTI) Odisha Chief Minister Mohan Charan Majhi on Tuesday performed the groundbreaking ceremony of the state's second semiconductor unit to be set up here at an investment of Rs 2,500 crore.

The ceremony was virtually held from the venue of ‘Utkarsh Odisha-Make in Odisha Conclave' at Janata Maidan.

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SiCSem Private Ltd will set up the compound semiconductor facility in Bhubaneswar.

“SiCSem is investing Rs 2,500 crore for the project in Odisha,” an official release issued by the CMO said.

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Earlier, the groundbreaking ceremony for a silicon carbide manufacturing unit by RIR Power Electronics was held in September 2024.

All these processes lead to manufacturing of electronic power devices that will cater to key sectors such as electric vehicles, energy storage, fast chargers, green energy, industrial tools, data centres and consumer appliances, an official said.

Majhi said the project of SiCSem marks another milestone in “our journey to realise the vision of Prime Minister Narendra Modi to make India a global semiconductor hub”.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)