Polymatech electronics limited is a domestic manufacturer of chips in India, now it said that it is going to invest one billion dollars in manufacturing of semiconductors by the year 2025. It has signed a MoU with Tamil Nadu government for 130 million dollars as a primary investment. This company has already imported all the equipment required for semiconductor manufacturing from Japan as said by the founding president Nandam Eswara Rao. With all preliminary trials finished they have now a machinery of 250 million chips making capacity.

Government of India already announced Rs.76,000 crores for making India a leading hub of manufacturing semiconductors through production linked scheme (PLI) and expects it to come into action within 15-18 months.