# Archean Chemical Industries Limited, through its step-down subsidiary SiCSem Private Limited, has executed a Fiscal Support Agreement (FSA) with the India Semiconductor Mission (ISM) on May 11, 2026.

*semiconductor · news · 2026-05-12 · scanx.trade*

## Key points

- Archean Chemical's subsidiary SiCSem signed a Fiscal Support Agreement with India Semiconductor Mission on May 11, 2026.
- This facility will be India's first approved Silicon Carbide-based compound semiconductor fab and ATMP in Bhubaneswar.
- The project will have a total investment of approximately Rs. 2,067 crore and target ~60,000 SiC wafers annually.
- Archean Chemical's Q4 net profit dropped sharply, from 535M to 134M rupees year-on-year.

**Companies:** Archean Chemical Industries Limited, SiCSem Private Limited, Neun Infra Private Limited
**Countries:** India

[Read the full story on scanx.trade](https://scanx.trade/stock-market-news/companies/archean-chemical-industries-subsidiary-sicsem-executes-fiscal-support-agreement-with-india-semiconductor-mission-for-sic-fab-facility/40162862)

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