CHENNAI, India, Aug. 6, 2024 /PRNewswire/ -- In a strategic move
to bolster its position in cutting-edge semiconductor chip
fabrication and testing devices, Polymatech Electronics,
India's first semiconductor chip
maker, has officially announced its acquisition of Nisene
Technology Group Inc., California,
USA (www.nisene.co), a company with a 50-year history in the
semiconductor industry. The acquisition was executed through
Polymatech's wholly-owned subsidiary, Artificial Electronics
Intelligent Materials Pte Ltd. in Singapore.
Nisene Technology Group is renowned for its pioneering work in
the invention and development of semiconductors, particularly
Integrated Circuits (ICs) built on Silicon and Silicon Carbide
Wafers. Since its establishment in the 1970s, Nisene has remained
at the forefront of innovation, continually enhancing IC and AI
components to meet the growing complexity of today's semiconductor
devices. Over the years, Nisene has designed at least 50 different
types of ICs and registered numerous patents, solidifying its
status as a cornerstone of the industry.
"The acquisition complements Polymatech's leading-edge product
portfolio and enables the development of new classes of products,"
said Ryan Young, incoming CEO
of Nisene. Nisene's expertise in Silicon and Silicon
Carbide, combined with Polymatech's Sapphire-based semiconductors,
creates a unique multi-wafer technology. This merger positions
Polymatech as potentially the only company in the world with such a
comprehensive semiconductor offering.
Polymatech will continue to produce Sapphire Wafers using
advanced technology supplied by leading European tool suppliers,
with the tools expected to be in their facility by the end of
January 2025. This latest European
technology employs a different, faster methodology for growing
Sapphire, and as a result, Polymatech will transition to this new
EU technology, having closed their previous agreement with Orbray.
Additionally, their EU partner will also supply the latest Silicon
Carbide Wafer Technology to the Polymatech group.
Strategically located in California,
USA, the epicenter for the semiconductor industry,
Polymatech plans to invest up to US $500
million. The company will produce Silicon Carbide and
Sapphire wafers, high-performance CPUs, and GPUs for PCs and
mobiles. Polymatech's unparalleled top-tier networking chips will
enable the latest Wi-Fi and 6G standards. The company aims to
achieve a top line of US $5 billion
by 2030.
"With 50 years of experience and expertise in the semiconductor
industry, Nisene has witnessed all developments from scratch. Now
part of Polymatech, together we will create the next generation of
semiconductors that are not only better but capable of more," said
Eswara Rao Nandam, CEO of
Polymatech Electronics.
"Polymatech's philosophy of doubling the processing power of
chips and halving the price of a given level of computing power
every 18 months will drive our business growth both vertically and
horizontally. We will continue to introduce new products that
enhance human life, enabling experiences like autonomous driving
and machine learning," he added.
As Polymatech grows exponentially, Nisene will continue to
enhance its product line with the latest in technology and
innovation. The goal is to meet the demands of each of the
industries they support with reliable, accurate, and safe
products.
Media contact: Merlyn
Fernandes | +91 98334 36855 |
merlyn.fernandes@communicateindia.com
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