InvestorQ : Why is Polymatch investing $1 billion into chip making in India?
shrinidhi Rajan made post

Why is Polymatch investing $1 billion into chip making in India?

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4 days ago
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There is a rush to make semiconductors in India and big ticket investments are picking up steam. In the latest update the Tamil Nadu-based chip company, Polymatech, plans to invest $1 billion to expand chip manufacturing and packaging facility. The 1st phase of the project will create capacity to produce 250 million chips a year.

Polymatech has also filed for the government of India’s 25% subsidy on capital expenditure PLI scheme as an added incentive to reduce its cost of doing business. The company has already invested a sum of $130 million to expand its facility in the state. The world’s largest chip fab maker, TSMC of Taiwan, is also keenly looking at the India opportunity.

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