Polymatech to speculate $16 million in a brand new chip facility in Bahrain

Polymatech Electronics Ltd, a semiconductor chip producer, has introduced plans to determine a brand new semiconductor manufacturing facility in Bahrain’s Industrial Space of Hidd, with an preliminary funding of $16 million.

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The brand new facility, to be branded as Atri, will give attention to producing parts for 5G and 6G applied sciences. This enterprise represents Polymatech’s first main step in its international enlargement technique, based on an organization assertion.

The announcement was made throughout a go to by Bahrain’s funding promotion company, which is presently conducting roadshows in Mumbai, Bengaluru and Chennai to advertise the island nation as a burgeoning hub for expertise and manufacturing.

Eswara Rao Nandam, Managing Director and Chief Government Officer of Polymatech Electronics, highlighted that the Bahrain facility aligns with the corporate’s enlargement targets and can allow it to fulfill rising worldwide demand.

Polymatech is engaged within the full lifecycle of opto-semiconductor chips, together with design, fabrication, manufacturing, packaging, and meeting. These chips are bought on to prospects and are additionally utilized within the firm’s luminaire assemblies.