# Polymatech to invest $1B in semiconductor facility expansion in Tamil Nadu

Polymatech will invest $1 billion to expand its semiconductor chip manufacturing and packaging facility in Tamil Nadu, India. The first phase, with $130 million investment, will have capacity to produce 250 million chips per year and is expected to start production within weeks.

- Type: Investment
- Announced: 2022-08-03
- Where: Tamil Nadu, India
- Value: $1.00B
- Starts operating: Aug 2022
- Status: announced
- Capacity: 250 million chips per year
- Products: semiconductor chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Polymatech](https://endata.com/companies/64553.md)

## Sources

- [livemint.com](https://www.livemint.com/technology/tech-news/indian-co-invests-1bn-for-semiconductor-manufacturing-facility-in-tamil-nadu-11659525906870.html), 2022-08-03: "Polymatech will invest $1 billion to expand its chipset manufacturing and packaging facility in the state."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.