Karnataka Greenlights Silectric's $3,426 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