Polymatech Electronics acquires Nisene Technology Group Inc., California, USA, to revolutionize semiconductor industry

CHENNAI, INDIA, August 6, 2024 /PRNewswire/ — In a strategic move to strengthen its position in leading-edge semiconductor IC manufacturing and testing equipment, Polymatech Electronics, India the first semiconductor integrated circuit manufacturer, officially announced the acquisition of Nisene Technology Group Inc., California, United States (www.nisene.co), a company with a 50-year history in the semiconductor industry. The acquisition was made through Polymatech’s wholly owned subsidiary, Artificial Electronics Intelligent Materials Pte Ltd. Singapore.

Nisene Technology Group is known for its pioneering work in semiconductor invention and development, particularly integrated circuits (ICs) built on silicon and carbide wafers. Since its founding in the 1970s, Nisene has remained at the forefront of innovation, continually improving IC and AI components to meet the increasing complexity of today’s semiconductor devices. Over the years, Nisene has designed at least 50 different types of ICs and has filed numerous patents, solidifying its position as a cornerstone of the industry.

“This acquisition complements Polymatech’s leading product portfolio and enables the development of new product classes,” he said. Ryan Youngnew 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 continue to manufacture sapphire wafers using advanced technology from leading European tool suppliers. These tools are expected to be in production by the end of January 2025. This latest European technology uses a different, faster sapphire growing methodology and Polymatech will therefore transition to this new EU technology, following the closing of the previous agreement with Orbray. In addition, their EU partner will also supply the latest silicon carbide wafer technology to the Polymatech group.

Strategically located in California, United Statesepicenter of the semiconductor industry, Polymatech plans to invest up to $1,000 million 500 million dollars. The company will produce silicon carbide and sapphire wafers, high-performance CPUs and GPUs for PCs and mobile devices. Polymatech’s unprecedented, top-of-the-range network chips will enable the latest Wi-Fi and 6G standards. The company aims to achieve the highest US line 5 billion dollars by 2030.

“With 50 years of experience and expertise in the semiconductor industry, Nisene has seen all the changes from the ground up. Now, as part of Polymatech, together we will create the next generation of semiconductors that are not only better, but can do more,” he said. Eswara Rao NandamGeneral Director of Polymatech Electronics.

“Polymatech’s philosophy of doubling the processing power of integrated circuits and halving the price of a given level of processing power every 18 months will drive growth for our business both vertically and horizontally. We will continue to introduce new products that improve people’s lives, enabling experiences such as autonomous driving and machine learning,” he added.

As Polymatech grows exponentially, Nisene will continue to enhance its product line with the latest technology and innovation. The goal is to meet the needs of each of the industries they support with reliable, accurate and safe products.

Contact with the media: Merlyn Fernandes | +91 98334 36855 | (email protected)