# Polymatech plans $500M investment in California semiconductor facility

Polymatech Electronics plans to invest up to US $500 million in California, USA, to produce Silicon Carbide Wafer Technology and Sapphire Wafers using advanced European technology. The new tools are expected to be in their facility by the end of January 2025.

- Type: Investment
- Announced: 2024-08-05
- Where: California, United States
- Value: $500.0M
- Starts operating: Jan 2025
- Status: announced
- Products: Silicon Carbide Wafers, Sapphire Wafers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Polymatech Electronics](https://endata.com/companies/79006.md)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/polymatech-electronics-acquires-nisene-technology-group-inc-california-usa-to-revolutionize-semiconductor-industry-302214319.html), 2024-08-05: "Strategically located in California, USA, the epicenter for the semiconductor industry, Polymatech plans to invest up to US $500 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.