CosmicTaco

Karnataka Greenlights Silectric's $3,426 Cr Semiconductor Plant

CosmicTaco · 2024-12-24T09:33:47.659616+05:30

- Karnataka CM Siddaramaiah announced the approval of Silectric's semiconductor plant at Kochanahalli EMC, creating 460 jobs. - The plant will focus on silicon carbide fabrication and ATMP, with a plan to build an end-to-end manufacturing value chain. - This development follows Zoho CEO's denial of semiconductor investment in Odisha, highlighting Karnataka's strategic incentives for tech investments. Source: [Inc42](https://inc42.com/buzz/ktaka-approves-zoho-backed-silectrics-inr-3426-cr-semiconductor-plant/)

Karnataka CM Siddaramaiah announced the approval of Silectric's semiconductor plant at Kochanahalli EMC, creating 460 jobs.
The plant will focus on silicon carbide fabrication and ATMP, with a plan to build an end-to-end manufacturing value chain.
This development follows Zoho CEO's denial of semiconductor investment in Odisha, highlighting Karnataka's strategic incentives for tech investments.

Source: Inc42