Polymatech to Invest $1B to Build Semiconductor Manufacturing Facility in Tamil Nadu

  • Tamil Nadu-based semiconductor manufacturing company Polymatech will invest $1 billion to expand its chipset manufacturing and packaging facility in the state.
  • The company has filed for a 25% subsidy on capital expenditure through the government’s production-linked incentive (PLI) scheme for semiconductor manufacturing and has received “in-principle approval” for its first phase of investment.

[Via]