Polymatech Electronics Limited is an India-based multinational company specializing in opto-semiconductor chips and advanced electronic solutions. Established in 2007 as a subsidiary of Japan’s Polymatech Company Ltd., it was acquired in 2018 by Eswara Rao Nandam and Uma Nandam. Headquartered in Chennai, Tamil Nadu, Polymatech operates a manufacturing facility in the SIPCOT Hi-Tech SEZ in Oragadam, producing LED semiconductor chips, microcontrollers, wireless chips, and luminaries for applications in lighting, automotive, healthcare, and telecommunications. The company has positioned itself as India’s first opto-semiconductor manufacturer since starting production in 2019, leveraging European and Japanese technologies. With a global footprint, Polymatech exports to the U.S., EU, and Middle East, reporting revenues of ₹1,200 crore in FY24 and aiming for $2.5 billion by FY26. It has ambitious expansion plans, including a ₹1,500 crore IPO and investments in 5G/6G chip production facilities in India, Bahrain, and Singapore.
Artificial Electronics Intelligent Material Ltd. (AEIM) is a Singapore-based wholly-owned subsidiary of Polymatech Electronics, incorporated to enhance its semiconductor capabilities. AEIM focuses on intelligent materials and advanced semiconductor technologies, complementing Polymatech’s offerings. It played a key role in the 2024 acquisition of Nisene Technology Group Inc., a U.S.-based firm with 50 years of expertise in silicon and silicon carbide integrated circuits. This acquisition, valued at $100 million, positions Polymatech and AEIM as one of the few global players with multi-wafer technology expertise, including silicon, silicon carbide, and sapphire-based semiconductors. AEIM’s operations, set to commence in Singapore by mid-2025, aim to support Polymatech’s goal of achieving $5 billion in revenue by 2030 through innovative chip fabrication and testing solutions.
