Chipmaker Polymatech expands to Bahrain with $16 million investment

Polymatech Electronics, a Chennai-based multi-wafer semiconductor chips manufacturer, has announced an investment of $16.2 million to set up a semiconductor manufacturing facility in Bahrain, with plans to invest up to $100 million by 2027.

Polymatech specialises in designing, manufacturing, packaging, and assembling opto-semiconductor chips, which are used in devices like LEDs, lasers, and photodetectors for industries such as telecommunications, automotive, and medical devices.