Chennai-based semiconductor manufacturer Polymatech Electronics has announced a $16.2 million investment to establish a semiconductor manufacturing facility in Bahrain, with plans to increase its total investment to $100 million by 2027.
Specializing in opto-semiconductor chips used in industries like telecommunications, automotive, and medical devices, the company’s expansion marks a strategic move into power semiconductors and data transmission technologies, including 5G and 6G chips.
Managing Director and CEO Eswara Rao Nandam stated that the new facility, located in the industrial area of Hidd under the brand Atri, will focus on final chip assembly. It will cater to markets in West Asia and North Africa, particularly in horticulture and medical electronics.
Polymatech’s Tamil Nadu factory currently produces 2 billion semiconductor chips annually, with plans to scale production to 5 billion by the end of 2024. Polymatech Electronics is a leading semiconductor manufacturer based in Chennai, India, specializing in the design, manufacturing, packaging, and assembly of opto-semiconductor chips used in industries such as telecommunications, automotive, and medical devices.
The company produces essential components like LEDs, lasers, and photodetectors, supporting advanced technologies like 5G and 6G. With its strong focus on innovation, Polymatech is expanding its global footprint, including a recent $16 million investment in a semiconductor manufacturing facility in Bahrain.
Its production capabilities are set to grow significantly, aiming to increase output from 2 billion chips annually to 5 billion by 2024, positioning Polymatech as a key player in the global semiconductor industry.
