Polymatech invests US$ 1 Billion in Semiconductor chips manufacturing

The Company has proposed to invest about US$ 1.00 Bn by 2025. The investments will be in forwarding and backward integration operations of their current products and indigenization of several products that are being imported. The company has signed an MoU with Govt. Of Tamil Nadu with an initial investment of US$ 130 Mn. The company has imported all equipment from Japan, adopting the Industry 4.0 theme.