Polymatech is investing $1 billion in semiconductor chip manufacturing. It aims to become one of the largest chip manufacturers in Asia by 2025, with projected revenue of $12 billion by 2030
Polymatech Electronics, a semiconductor chip manufacturer, is set to start the mass production of advanced semiconductor components in India for 5G and 6G applications. Currently, under testing, Polymatech will begin manufacturing chips at the company’s main manufacturing plant in Kancheepuram, Tamil Nadu.
The semiconductors will not only reduce the procurement cost of components for telecom companies but also achieve low power loss and increased efficiency, the company said.
Polymatech is investing $1 billion in semiconductor chip manufacturing. It aims to become one of the largest chip manufacturers in Asia by 2025, with projected revenue of $12 billion by 2030. Specialising in opto-semiconductors, the company fabricates one million chips daily at its main manufacturing plant in Kancheepuram and is augmenting to manufacture 10 billion chips per annum this year.
Two more facilities of Polymatech are being set up to bolster the production capacity. The first plant at Oragadam, Kancheepuram, Tamil Nadu, has a state-of-the-art facility, equipped with machinery imported from Japan and the adoption of an Industry 4.0 theme. The company is also working on forward and backward integration of current products and localisation of products that are manufactured.
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