US-based Silicon Power to invest Rs 1,000 crore for silicon carbide plant in Odisha
U.S.-based Silicon Power Group will invest 10 billion rupees ($121.73 million) to set up a facility in India's Odisha state to make 150 millimetre silicon carbide, a semiconductor component, the state's chief minister's office said late Thursday.
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Silicon carbide is a component that goes into chips used in electric cars and other industrial power and energy applications. Image Source: Pexels