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/PRNewswire/ -- The global semiconductor market size is estimated to grow by USD 156.39 bn from 2023 to 2027, according to Technavio. The market is estimated...
The Chennai-based firm also seeks to raise debt to fund a $5 billion expansion plan to establish itself as an end-to-end semiconductor manufacturing entity.
Polymatech Electronics had signed a memorandum of understanding with the Government of Tamil Nadu in May 2020 and produces opto-semiconductor chips at its Oragadam facility near Chennai. It has shipped products worth over USD 125 million in 2023-24.
Get latest articles and stories on Latest News at LatestLY. Auto parts manufacturer Kross Ltd and Saraswati Saree Depot Ltd have received Sebi's go ahead to raise funds through initial public offerings. Latest News | Kross, Saraswati Saree Depot Get Sebi's Go Ahead to Float IPO.
Sebi approves IPOs for Saraswati Saree Depot and Kross Ltd. Saraswati's offer includes fresh shares, OFS by Dulhani promoters. Kross Ltd's Rs 500 crore IPO comprises a fresh equity issue of Rs 250 crore and an offer for sale of Rs 250 crore.