# Polymatech and ECM Group form joint venture for sapphire wafer production in Grenoble

Polymatech and ECM Group signed an MoU to establish a joint venture in Grenoble, France, to produce sapphire ingots and wafers for semiconductors. The initial joint investment is €100 million.

- Type: Partnership
- Announced: 2024-09-12
- Where: Grenoble, France, France
- Value: $110.0M (100.0M EUR)
- Status: announced
- Products: sapphire ingots, sapphire wafers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Polymatech](https://endata.com/companies/64553.md)
- [ECM](https://endata.com/companies/10966.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/polymatech-and-ecm-group-forge-strategic-joint-venture-for-semiconductor-wafer-fabrication-in-grenoble-france-302246327.html), 2024-09-12: "The new venture will focus on producing sapphire ingots and wafers, key materials for advanced semiconductor devices."

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