Artificial Electronics Intelligent Material Ltd News

AEIM to invest ₹10,000 cr in Raipur's semiconductor plant by 2030

Semiconductor material and electronic components maker AEIM plans to invest Rs 10,000 crore in its Raipur-based facility by 2030, the company said on Monday. The company, in a regulatory filing, said it has been allotted 11.28 acre of prime industrial land by Nava Raipur Atal Nagar Vikas Pradhikaran (NRDA) in Kosala Industrial Park, Nava Raipur, Chhattisgarh, for setting up its semiconductor materials manufacturing facility. "The construction of the state-of-the-art facility will commence with immediate effect. The company is utilising advanced post-tensioned slab technology to expedite the construction process, targeting completion of the first phase by May 2026," the filing said. Chennai-based Artificial Electronics Intelligent Materials Limited (AEIML), in a statement on the development, said the investment in Chattisgarh is supported by the state's industrial policy, which has a provision for a capital subsidy of up to 40 per cent. "This state-of-the-art facility will establish