Chennai, India, August 6, 2024 Germany, May 23, 2019 /PRNewswire/ — In a strategic move to strengthen its position in cutting-edge semiconductor chip manufacturing and test equipment, Polymerec Electronics has Indian The company formally announced its acquisition of Nisene Technology Group Inc., the first semiconductor chip manufacturer. California, USA (www.nisene.co) is a company with 50 years of history in the semiconductor industry. The acquisition was made through Polymatec’s wholly owned subsidiary, Artificial Electronics Intelligent Materials Pte Ltd. Singapore.
Nisene Technology Group is known for its pioneering efforts in the invention and development of semiconductors, particularly integrated circuits (ICs) built on silicon and silicon carbide wafers. Since its founding in the 1970s, Nisene has remained at the forefront of innovation, continually enhancing its IC and AI components to keep up with the increasing complexity of today’s semiconductor devices. Over the years, Nisene has designed at least 50 types of ICs and registered numerous patents, solidifying its position as a cornerstone of the industry.
“This acquisition complements Polymatec’s cutting-edge product portfolio and enables the development of a new class of products,” said Ryan Youngwill become Nisene’s next CEO. Combining Nisene’s silicon and silicon carbide expertise with Polymatech’s sapphire-based semiconductors will create a unique multi-wafer technology. The merger could make Polymatech the only company in the world to offer such a comprehensive semiconductor product offering.
Polymatec will continue to produce sapphire wafers using advanced technology provided by a leading European tool supplier, with the tooling due to be installed at their facility by the end of 2015. January 2025This latest European technology employs a different and faster methodology for growing sapphire, which has resulted in Polymatec terminating its previous contract with Aubrey and transitioning to this new EU technology. In addition, the EU partner will also supply the latest silicon carbide wafer technology to the Polymatec Group.
Strategically Located California, USAPolymatec plans to invest up to US$100 million in India, the semiconductor hub. $500 millionThe company produces silicon carbide and sapphire wafers, high performance CPUs and GPUs for PC and mobile.Polymatec’s unmatched leading network chips enable the latest Wi-Fi and 6G standards.The company aims to achieve a leading product line in the US. $5 billion By 2030.
“With 50 years of experience and expertise in the semiconductor industry, Nisene has seen every development from the ground up. Now that he is part of Polymatec, together we will create the next generation of semiconductors that are not only better but also have more capabilities,” he said. Eswara Rao NandamCEO of Polymatech Electronics.
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“Polymatec’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 as we continue to introduce new products that enable experiences such as autonomous driving and machine learning to improve human lives,” he added.
As Polymatech grows exponentially, Nisene continues to enhance its product line with the latest technology and innovations, with the goal of delivering reliable, accurate and safe products to meet the demands of each industry we support.
Media Contact: Merlin Fernandez | +91 98334 36855 | merlyn.fernandes@communicateindia.com
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Source: Polymatec Electronics
