Polymatech is planning to go public, aiming to raise $500 million to $600 million for the expansion of its semiconductor business.

BlockBeats News, July 13th, according to The Economic Times, Eswara Nandam, Managing Director and CEO of Polymatech Electronics, a company focused on the design and packaging of optoelectronic semiconductors, stated in an interview that the company is exploring a public listing in India and the United States to raise funds for the next phase of its semiconductor and consumer electronics business expansion plan.

Currently, the company is in discussions with investment banks and plans to raise $500 million to $600 million for its semiconductor business expansion.

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Source: BlockBeats

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