Archean Chemical's SiCSem subsidiary signed a Fiscal Support Agreement with India Semiconductor Mission.

This formalizes CapEx support for India's first SiC Compound Semiconductor Fab and ATMP facility in Odisha, involving ~₹2,067 Cr investment.

It targets ~60,000 SiC wafers and ~96 million SiC MOSFETs annually, boosting supply for critical sectors.