# Polymatech plans $1B expansion and new plants in Tamil Nadu

Polymatech plans to invest $1 billion by 2025 to expand semiconductor manufacturing capacity to 10 billion chips by December 2024, including two new plants in Krishnagiri district, Tamil Nadu.

- Type: Expansion
- Announced: 2023-10-12
- Where: Chennai, Tamil Nadu; Krishnagiri district, Tamil Nadu, India
- Value: $1.00B
- Starts operating: Dec 2024
- Status: announced
- Capacity: 10 billion chips
- Products: opto-semiconductor chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

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

## Sources

- [newprojectstracker.com](https://www.newprojectstracker.com/capex-news/polymatech-to-invest-1-billion-on-expansion-founding-president), 2023-10-12: "Polymatech plans to invest $1 billion by 2025 in setting up new units and expanding semiconductor manufacturing capacity."

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