Polymatech Acquires Nisene Technology to Revolutionize Semiconductors Industry
Polymatech Electronics, India's pioneering semiconductor chip manufacturer, has strategically enhanced its standing in advanced semiconductor chip fabrication and testing devices by acquiring Nisene Technology Group Inc., a California-based company with a 50-year legacy in the semiconductor sector. The acquisition was conducted via Polymatech's wholly-owned subsidiary, Artificial Electronics Intelligent Materials Pte Ltd., located in Singapore.
Nisene Technology Group is acclaimed for its groundbreaking advancements in semiconductor invention and development, especially Integrated Circuits (ICs) based on Silicon and Silicon Carbide Wafers. Established in the 1970s, Nisene has consistently led the way in innovation, continually improving IC and AI components to address the increasing complexity of modern semiconductor devices. Over the decades, Nisene has designed at least 50 different types of ICs and secured numerous patents, cementing its role 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 maintain its production of Sapphire Wafers utilizing advanced technology from top European equipment suppliers, with the tools anticipated to be in their facility by January 2025. This cutting-edge European technology introduces a faster method for growing Sapphire, prompting Polymatech to adopt this new EU technology and conclude their previous agreement with Orbray. Furthermore, their European partner will provide the latest Silicon Carbide Wafer Technology to the Polymatech group.
Strategically situated in California, USA, the heart of the semiconductor industry, Polymatech plans to invest up to $500 million. The company will produce Silicon Carbide and Sapphire wafers, as well as high-performance CPUs and GPUs for PCs and mobile devices. Polymatech's exceptional networking chips will support the latest Wi-Fi and 6G standards. The company aims to reach a top line of $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 experiences rapid growth, Nisene will continuously improve its product line with the latest technology and innovation to meet the needs of the industries they serve.
