RiR Power Electronics

RIR Power Electronics Limited has received fiscal support from the Government of Odisha for Phase 1 of its Silicon Carbide semiconductor manufacturing facility in Bhubaneswar. The total project cost is approximately ₹618 crore for both phases, with Phase 1 capex of ~₹65 crore and an eligible government subsidy of ~₹32 crore.

U.S.-based Silicon Power Group will invest 10 billion rupees ($121.73 million) to set up a facility in Odisha, India, to manufacture 150mm silicon carbide wafers. The investment will be made by its Indian unit RiR Power Electronics, with operations expected to start in 18 to 24 months.