Polymatech Electronics

Polymatech Electronics announced a $16.2 million investment to establish a semiconductor manufacturing facility in Hidd, Bahrain, under the brand Atri. The facility will serve as an assembly point for chips targeting West Asia and North Africa.

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.

Polymatech Electronics, India's first semiconductor chip maker, has acquired Nisene Technology Group Inc., a California-based semiconductor company with a 50-year history. The acquisition was executed through Polymatech's wholly-owned subsidiary in Singapore.