Polymatech, an Tamil Nadu-based semiconductor chip manufacturer, has signed an MoU with the Govt. of Tamil Nadu to invest $1 billion by 2025 in manufacturing semiconductor chips. The company stated they have already made an initial investment of $130 million.
Polymatech say that they have imported all the necessary equipment from Japan for manufacturing the chips in India. Polymatech say that they have successfully completed all the required trials, with the first phase of imported machinery having a capacity of 250 million chips.
As per recent news Polymatech has started to roll-out 400,000 chips a day now and very soon will ramp up to 1 million per day. These chips are used in high-power electronics.
Read about Polymatech's work.
Courtesy : Image by Steven from Pixabay
