Indichem Launches Semiconductor Materials Plant in South Korea
Indichem, a joint venture between Acutaas Advance Material Limited and J & Materials Co. Ltd, has initiated operations at a semiconductor materials plant in Gongju, South Korea, using Indian feedstock. The facility represents a KRW 30 billion investment and aims to address the semiconductor photoresist supply chain, which currently relies heavily on Japanese suppliers.
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Indichem's semiconductor materials plant in Gongju spans 16,500 square meters, with 6,600 square meters fully constructed. The facility commenced construction in September 2025 and is designed for ultra-high-purity refining of semiconductor materials, with shipments to start in September 2026.
Acutaas holds a 75% stake in Indichem, while J & Materials controls 25%. The plant will supply materials processed from Indian feedstock, targeting the growing demand in India's semiconductor ecosystem, which currently relies on foreign sources for key materials.
The establishment of a research and synthesis center in India is planned for 2027, potentially enhancing local supply. This venture responds to a strategic need for greater domestic materials production amid global supply chain challenges.
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