India’s Polymatech to set up chip facility in Bahrain

Indian chipmaker Polymatech Electronics is investing USD 16 million in Bahrain to establish a semiconductor manufacturing facility in the Gulf country. The unit to be set up under the brand name Atri in the Bahrain Industrial Area of Hidd will help produce 5G and 6G components, marking Polymatech’s first step in expanding its global footprint, according to a media release. The investment is part of a longer-term strategy, with the company planning to spend over USD 100 million in Bahrain by 2027, according to a report in the Economic Times .

Polymatech designs, manufactures and assembles opto-semiconductor chips and modules, which are used in applications such as medical lighting, agriculture and consumer electronics. The entry of Polymatech into Bahrain would contribute towards the country's economic diversification, sustainable growth and a goal of becoming a hub for innovation and technological excellence in the region, the media release said..