Chhattisgarh Chief Minister Vishnu Deo Sai laid the foundation stone and performed bhoomipujan for a semiconductor manufacturing unit in Nava Raipur. 

Officials of the state’s industry department said that Chennai-based Polymatech Electronics will set up the semiconductor plant to produce advanced technology Gallium Nitride (GaN) semiconductor chips which will enable 5G and 6G technologies in Chhattisgarh.

The state government inked an Invitation to Invest with the company during the Chhattisgarh Investor Connect in December 2024 in New Delhi. The unit will come up with an investment of Rs 1,143 crore and is expected to generate employment for people in the state.

Officials said the company was allotted land in Sector 5, Nava Raipur, through a tender conducted by the Nava Raipur Development Authority in less than 45 days. The lease deed registration was completed within 25 days from the date of land allotment.

The proposed facility will have a production capacity of 10 billion chips by 2030, catering to industries such as telecom, mobile (specifically 6G and 7G components), laptops, data reception and transmission, data analysis, and power electronics.